The Turkmenistan-Afghanistan-Pakistan-India (TAPI) Project crossed important milestones when Pakistan and Turkmenistan signed the Gas Sales & Purchase Agreement (GSPA) at the Caspian Resort of Avaza, Turkmenistan on 23rd May, 2012.
Mr. Mobin Saulat, Managing Director, Inter State Gas Systems (Pvt) Limited signed the agreement on behalf of Pakistani side. Honorable Minister for Petroleum and Natural Resources, Dr. Asim Hussain is leading the Pakistani delegation and was also present on the occasion.
The TAPI GSPA is a thirty years agreement whereby the Turkmenistan will supply 38 million cubic meters per day of natural gas to Pakistan. TAPI project is scheduled to be completed by October 2017.
Earlier, Gail (India) Limited signed the GSPA after agreeing to a transit fee during tripartite talks between Pakistan, Afghanistan and India in Islamabad last month.