Pakistan is ready to implement the TAPI gas pipeline, - media
22:11 10.02.2023 6581
Pakistan has shown readiness to proceed with the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project with or without India, as Afghanistan is ready to assemble special forces for this project. This was stated by Minister of State for Petroleum and Natural Resources Musadik Malik during his recent visit to Saudi Arabia, writes Business Recorder, a daily financial newspaper in Pakistan.
Sources of the publication said that the minister informed the Saudi side about the current situation on the TAPI gas pipeline project. Malik noted that Turkmenistan is interested in moving the project forward and stated that Pakistan wants to implement the project as soon as possible and complete it with or without India's participation. Malik reportedly said that if India decides to withdraw from the project, Pakistan is ready to buy its share of the gas.
On the issue of Afghanistan, the Minister of State for Oil and Natural Resources acknowledged that the country's security and political situation remain a stumbling block. However, if favorable factors are created, the security problem can be solved. According to him, transit revenues from the pipeline will amount to 80-85% of Afghanistan's annual budget, which makes ensuring its security mandatory.
Sources said the Saudi side has indicated that it will closely monitor developments regarding TAPI. They also suggested that if all security issues are resolved and economic aspects are worked out, investment organizations such as PIF (Public Investment Fund – Saudi Arabia State Investment Fund) SDF and Exim Bank can be involved in the project.
During the meeting with the Ministers of Finance, Energy, Minerals and Industry of Saudi Arabia, Pakistan's Minister of State for Petroleum and Natural Resources also proposed a new project where natural gas from Turkmenistan could be brought to Gwadar via the Chaman gas pipeline and converted into LNG for export.
In his opinion, if Saudi Arabia joins this project, this may open up new opportunities, and Pakistan, Turkmenistan and Saudi Arabia may become joint LNG exporters.
Industrial influx of hydrocarbons was obtained at a new well at the Uzynada field
The specialists of the “Marynebitgazgozleg” expedition of the State Corporation “Turkmengeology”, who are making a significant contribution to the successful implementation of the “Program for the development of the oil and gas industry of Turkmenistan for the period until 2030”, celebrate the 32nd anniversary of the independence of our Motherland with worthy labor successes.
Turkmenistan is ready to develop new projects for the production of phosphorus, ammonia, urea and gasoline from natural gas
Turkmenistan is ready to consider proposals for the implementation of new projects in the development of the chemical and oil and gas industries, in particular, to increase the production of phosphorus, ammonia, urea and gasoline from natural gas.
The President of Turkmenistan is invited to the celebration of the Independence Day of India and the India-Central Asia Summit
Indian Prime Minister Narendra Modi invited President of Turkmenistan Gurbanguly Berdimuhamedov to take part in the celebration of the 75th anniversary of the Republic's independence and the India-Central Asia Summit. This is stated in a letter from the Prime Minister of India addressed to the Turkmen leader, published on Friday in the Neutral Turkmenistan newspaper.
EU Ambassador: Turkmenistan can supply natural gas to Europe until 2050
Turkmenistan has the opportunity to start supplying natural gas to the European market until 2050. This was stated by the Ambassador of the European Union to Turkmenistan Diego Ruiz Alonso in an interview with the Turkmen news agency ORIENT.
The President of Turkmenistan discussed with the head of the Lukoil company the prospects for the development of Caspian fields
President of Turkmenistan Gurbanguly Berdimuhamedov on Monday met with the head of the Russian oil company Lukoil Vagit Alekperov. The parties discussed in detail the development of hydrocarbon resources in the Caspian region.