TAPI Road Shows Well Received

Road shows organized in Singapore, New York and London in support of TAPI gas pipeline projects were well received, according to Pakistan authorities. These road shows were held between September 11 and 20.

Business Recorder reported that the first and second road shows were held in Singapore on September 11 and in New York on September 13-14, while the third one was held in London that started on September 17 and concluded on September 20. The road shows were attended by representatives from ADB, Turkmenistan, Afghanistan, Pakistan and India.

Singapore show was attended by companies and financial institutions such as Petronas, Temasek and State Bank of India, the report said. The New York road shows were attended by likes of Chevron and Exxon Mobile and leading financial institutions Citi Group and US Exim. All participants expressed a keen interest in the project, Business Recorder said.

In the London Road Show, TAPI Parties met with representatives of British Petroleum, Shell, British Gas and Morgan Stanley.

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project aims to export up to 33 billion cubic meters (bcm) of natural gas per year through a proposed approximately 1,800-kilometre-long (km) pipeline from Turkmenistan to Afghanistan, Pakistan and India. The estimated cost of the project is $7.6 billion based on pre-feasibility study done by PENSPEN.

Pakistan-Turkmenistan and India Turkmenistan bilateral GSPAs were inked on May 23 this year. Turkmenistan-Afghanistan bilateral GSPA is in process of finalization.