Indian Oil Corp Wants to Join GAIL for TAPI Implementation

State owned oil and gas company Indian Oil Corp (IOC) is keen on joining GAIL India for implementation of the TAPI natural gas pipeline, reports Press Trust of India. 

IOC wants to be equal partner with GAIL in the $9 billion project with equal rights to sell gas imported from the pipeline, officials said.

The four nations involved in the project have nominated a company each for project implementation and GAIL is the Indian representative.

According to government officials, says Press Trust, now IOC wants to join GAIL as equal partner and wants to market half of the gas that would be imported through the pipeline.

The TAPI pipeline would originate from Turkmenistan and pass through Afghanistan and Pakistan before entering India. It will have a capacity to carry 90 million standard cubic metres of gas per day (mmscmd) for a 30-year period and will be operational in 2018. India and Pakistan would get 38 mmscmd each, while the remaining 14 mmscmd will be supplied to Afghanistan.