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  • China to build two RLNG terminals at Gwadar
    08-Nov-2016

    ISLAMABAD: In a major development, Pakistan has managed to get the two RLNG terminals deal at Gwadar done with China. With the change of the mode from built, own, operate and transfer (Boot) to engineering procurement construction-financing (EPC-F), the country will be exposed to a mammoth saving of one billion dollars in 25 years just in the head of tolling fee.   The RLNG terminals w ...
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  • TAPI gas pipeline consortium plans roadshows in November
    15-Oct-2016

    ISLAMABAD: A long-delayed pipeline project from Turkmenistan to Pakistan and India via Afghanistan is in the final stages of financing, and investor roadshows are due to be held next month, a Pakistani official involved in the project said on Friday.   Originating at the giant Galkynysh gas field in Turkmenistan, the $10 billion TAPI (Turkmenistan, Afghanistan, Pakistan and India) pipe ...
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  • TAPI gas pipeline consortium plans investor roadshows in November
    14-Oct-2016

    A long-delayed pipeline project from Turkmenistan to Pakistan and India via Afghanistan is in the final stages of financing, and investor roadshows are due to be held next month, a Pakistani official said on Friday.   Head of Pakistan's state-owned Inter State Gas Systems (ISGS) Mobin Saulat told Reuters there was “significant progress” with the TAPI project and that in ...
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  • Management consultants for TAPI being shortlisted today
    27-Aug-2016

    Islamabad - The partner countries of Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project are meeting today (Saturday) in United Arab Emirates (UAE), which is also the main office of project, to shortlist the companies for the project management consultants, it was learnt reliably here.   The Interstate Gas System (ISGS) has received offer for the execution of Afghanistan po ...
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  • Pakistani gas company set to emerge as key player on world energy map
    14-Aug-2016

    ISLAMABAD: Inter State Gas Systems (ISGS), a company established by the government to work on gas import projects, is striving to secure energy resources to make Pakistan self-sufficient and it is expected to emerge as a key player on the world’s energy map after regional pipeline projects are executed. Pakistan is eyeing gas imports from countries holding vast deposits and has en ...
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TurkmenGaz to take stake in gas pipeline to Afghanistan, Pakistan, India

http://www.reuters.com/article/2015/08/12/pakistan-gas-idUSL3N10N4N320150812

Aug 12 Turkmenistan's national gas company has agreed to take a 51 percent stake in a consortium seeking to build a long-planned gas pipeline from Turkmenistan to Afghanistan, Pakistan and India, an official involved in the project said on Wednesday.

TurkmenGaz is in talks with two other companies over potential stakes in the consortium, which would have a capacity of 3.2 billion cubic feet of gas per day, said Mobin Saulat, head of Pakistan's state-run Inter State Gas systems.

"As consortium leader, they (TurkmenGaz) would also be in charge of the construction and operation," he told Reuters.

"It is a huge breakthrough."

The decision was taken last week in Turkmenistan, he said.

Over the decades, oil giants such as Chevron, Exxon , BP and Total have expressed an interest in the proposed pipeline, nicknamed TAPI, but the region's complex geopolitics and contract disagreements meant none ever fully committed.

Saulat chairs TAPI Ltd, a company set up to build and operate the pipeline. He said the project's estimated cost is $10 billion - about $4 billion investment and $6 billion debt.

Saulat said TurkmenGaz was seeking funding from the Asian Development Bank and other backers, but that he was unable to give specifics.

Host countries would ensure the pipeline's security, he said.

The discussions come amid plans to link Pakistan's pipeline network to gas-rich Iran if international sanctions connected to Iran's nuclear programme are lifted. (Reporting By Katharine Houreld, editing by David Evans)