Transaction Advisory Services Agreement for TAPI to be Inked This Month

Turkmenistan, Afghanistan, Pakistan and India are all set to sign the Transaction Advisory Services Agreement (TASA) on November 20-21 at Ashgabat, according to a report in Pakistani daily The News.

This agreement will enable Asian Development Bank as Transaction Advisor to find a leading and technically and financially sound company that could form a consortium to generate the finances for the TAPI gas pipeline that will span over 1,600 kilometers, the newspaper said.

“Yes, all the stakeholders have in principle agreed on all the contours broadly and once the TASA is signed, the financial and technical issues would be resolved with ADB as adviser,” The News quoted a Pakistani official as saying.

Turkmenistan-Afghanistan and Turkmenistan-India bilateral Gas Sales and Purchase Agreement (GSPA) were signed on May 23, 2012 followed by Turkmenistan-Afghanistan GSPA which was finally signed on July 9, 2013. The Gas Pipeline Framework Agreement (GPFA) was signed on December 11, 2010.

Sign-up for our free weekly newsletter update via email here