The heads of Turkmenistan’s “Turkmengaz” state corporation and Afghan national gas corporation signed an agreement on gas sale and purchase on Wednesday.
The document was signed at a meeting of the committee that handles the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project in Ashkhabad. Among the participants of the meeting were heads of relevant ministries and departments from all four countries, as well as, officials of the Asian Development Bank that sponsors the project.
All three countries, Afghanistan, Pakistan and India have officially become the purchasers of gas from Turkmenistan. In May, 2012, relevant agreements were signed between the Turkmen Gas Corporation and Pakistan’s Inter State Gas System Limited and India’s GAIL Limited.
The next step will be the establishment of the TAPI Ltd., consortium, said the participants of the meeting. They decided to draft charter documents and register the consortium.
The issue of speeding up the project was discussed at a meeting between the Turkmen President Gurbanguly Berdymukhamedov and India’s Minister of Petroleum and Natural Gas Veerappa Moily.
The construction of the TAPI gas pipeline in the near future will assure long-term supplies of Turkmen gas to the South Asian countries, the Turkmen President said. According to him, Turkmenistan’s energy strategy is aimed at creating a multi-path system of energy resource supplies to the leading markets.
The inter-government agreement of the participants signed by the end of 2010 is the basic document for the implementation of the project.
It has been planned to complete the construction work in 2018. Turkmenistan hopes to supply 33 billion cubic meters of gas a year. It supplies natural gas to China, Russia and Iran.