Tuesday, November 15, 2011

Turkmenistan, Pakistan sign gas deal

urkmenistan and Pakistan have signed a joint declaration on the purchase and sales of gas via the gas pipeline Turkmenistan-Afghanistan-Pakistan-India (TAPI) in Islamabad, Trend reports.
Turkmen President Gurbanguly Berdimuhamedov had a meeting with Pakistani President Asif Ali Zardari and Prime Minister Yousaf Gillani.

The TAPI project is one of the key factors for Pakistani economic growth, industrial and infrastructure development. The project is supported by the Asian Development Bank which finances the feasibility studies. The basic document for TAPI realization was signed in Ashkhabad in December 2010.

The pipeline will be over 1700 km long with a capacity of 33 billion cubic meters annually. The project is worth $7-8 billion.

Besides the gas field of Dovletabad, the pipeline will use resources of Yeloten, one of the world's largest reserves with 21.2 trillion cubic meters of gas.