Islamabad, May 23, 2012 (PPI-OT): Pakistan and Turkmenistan signed the Gas Sales and Purchase Agreement (GSPA) for Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project at the Caspian Resort of Avaza, Turkmenistan today (23rd May, 2012). Dr. Asim Hussain, Minister Petroleum and Natural Resources is leading the Pakistani delegation.
Dr. Asim Hussain has termed this development as an important milestone and has said that this project will help in meeting the energy requirements of Pakistan in the longer run.
The TAPI GSPA is a thirty years agreement whereby the Turkmenistan will supply 1.34 billion cubic feet per day (bcfd) 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. Pakistan has also completed the negotiations on Transit Fee as agreed between Afghanistan and India.
Secretary Petroleum, Mr. Muhammad Ejaz Chaudhry has added that the TAPI Pipeline Project would provide the much needed natural gas to the country and would help Pakistan in enhancing economic growth of the country. He further added that the project would also strengthen the relationship between the countries involved.
For more information, contact:
Dr. Asim Hussain
Minister for Petroleum and Natural Resources
Room No. 301, 3rd Floor, A block Pak Secretariat
Phone: + (92-51) 9210220
Fax: + (92-51) 9206416