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2017-01-26 18:30:00

TAPI GAS PIPELINE GAMES

TAPI GAS PIPELINE GAMES

TAPI GAS PIPELINE MAP

NGW - The multi-billion dollar four-nation Tapi gas pipeline has been delayed by one year because of the inability of Turkmengaz to achieve financial closure.

Many experts doubt the project will ever be built, despite high-level support from the Asian Development Bank, because its route traverses war-torn Afghanistan. A New Year decision by Turkmenistan abruptly to halt gas supplies to Iran may reinforce such doubts.

Turkmengaz company was earlier scheduled to achieve financial close of the mega project by December 2016, but now it is supposed to attain it in June 2017. This has actually delayed the commissioning of the project till 2020.

Turkmengaz is the leader of the consortium and has 85% equity. Indian Gail, ISGS of Pakistan and Afghan Gas Enterprise (AGE) have 5% stake each.

The Tapi pipeline is projected to export up to 33bn m3 of natural gas a year from Turkmenistan to Afghanistan, Pakistan and India over 30 years. It was earlier scheduled to be operational in 2019 but, because of delays in achieving financial closure, the pipeline's first gas flows from Turkmenistan are now scheduled for 2020. The much delayed project was formally inaugurated on December 13, 2015.

A top-level delegation from Turkmenistan is due to visit Pakistan this month to hold a series of meetings with country's security agencies to thrash out a plan ensuring security of the Tapi pipeline.

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Earlier: 

TAPI ACCELERATED 

TAPI STARTS: $10 BLN 

UNDEFINITE PIPELINE

 

 

Tags: TAPI, GAS, PIPELINE,

Chronicle:

TAPI GAS PIPELINE GAMES
2018, November, 19, 11:20:00

U.S. SECURITIES OUTFLOW $29.1 BLN

U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.

TAPI GAS PIPELINE GAMES
2018, November, 19, 11:15:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.

TAPI GAS PIPELINE GAMES
2018, November, 19, 11:10:00

GREEN NUCLEAR ENERGY

WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".

TAPI GAS PIPELINE GAMES
2018, November, 19, 11:05:00

SAUDIS, PAKISTAN INVESTMENT: $6 BLN

ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.

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