Turkmenistan Assures Pakistan To Address TAPI Gas Price Concerns 'adequately'

Pakistan and Turkmenistan on Friday held a detailed discussion and reviewed progress achieved so far on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project

ISLAMABAD, (UrduPoint / Pakistan Point News - 18th Sep, 2020 ) :Pakistan and Turkmenistan on Friday held a detailed discussion and reviewed progress achieved so far on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.

Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar led the discussion with the Turkmenistan delegation, which was headed by Chief Executive Officer and Chairman of the board of Directors of TPCL (TAPI Pipeline Company Limited) on TAPI Muhammetmyrat Amanov. Turkmen Ambassador to Pakistan Atadjan Movlamov also attended the meeting, a news release said.

The Secretary Petroleum, Managing Director Inter State Gas Systems (Pvt) Ltd., other high officials from the Ministries of Energy (Petroleum Division), Foreign Affairs, Law & Justice, Finance and office of Attorney General of Pakistan also participated in the meeting.

The meeting reviewed progress on the project expressed satisfaction over its pace despite the challenging Coronavirus (COVID-19) situation.

The Turkmen delegation informed that it intended to start construction activities in Afghanistan by building the gas pipeline from Turkmen-Afghan border to Herat Off-take point in Afghanistan.

The commencement of construction work in Afghanistan would immensely boost the confidence of international investors to invest in the project.

Pakistan is keenly interested in re-building international standard gas infrastructure in Afghanistan and extending full support at every level to commence such development activities in Afghanistan.

The two sides also discussed Pakistan's concerns pertaining to price and delivery point. The Turkmen side assured that "Pakistan's concerns will be adequately addressed in the relevant agreements, and negotiations regarding TAPI Gas Price will start as soon as the COVID-19 virus is contained globally." The Pakistan side expressed its readiness to finalize the matter in order to proceed to actual construction work in Pakistan in parallel with Afghanistan.

The two sides also agreed to finalize the Host Government Agreement by the end of this year.

The Turkmen delegation informed that its negotiations with international lending agencies and Export Credit Agencies were going well.

Pakistan informed that it would like to perform the TAPI's groundbreaking in Pakistan at the earliest after the finalization of the pending issues.

Turkmenistan appreciated the support extended by Pakistani authorities for timely and fast implementation of the project, expressing the resolve to complete the TAPI gas pipeline with mutual cooperation.