IN RUSSIAN

Turkmenistan may start TAPI construction in 2015

11 April 2014 - 10:05am

Turkmen President Gurbanguly Berdimuhamedov said that Ashkhabad was planning to sign all documents to start construction of the Turkmenistan--Afghanistan-Pakistan-India (TAPI) pipeline in 2015, ITAR-TASS reports.
Construction of the Turkmenistan-China branch of the pipeline through Uzbekistan, Kyrgyzstan and Tajikistan should be accomplished by 2018. Contracts for gas exports to Russia and Iran will be fulfilled. Turkmenistan signed contracts with all participants of the contract in 2012-2013 and a deal with the Asian Development Bank.
TAPI was revived in 2010 when its participants signed deals. The pipeline will have a capacity of 33 billion cubic meters a year. It will be 1735km long, running from the Galkinish Field though Afghanistan’s Herat and Kandahar to Fazilka on the Indian-Pakistani border. The project is worth $7.6 billion.

Turkmen President Gurbanguly Berdimuhamedov said that Ashkhabad was planning to sign all documents to start construction of the Turkmenistan--Afghanistan-Pakistan-India (TAPI) pipeline in 2015, ITAR-TASS reports.

Construction of the Turkmenistan-China branch of the pipeline through Uzbekistan, Kyrgyzstan and Tajikistan should be accomplished by 2018. Contracts for gas exports to Russia and Iran will be fulfilled. Turkmenistan signed contracts with all participants of the contract in 2012-2013 and a deal with the Asian Development Bank.

TAPI was revived in 2010 when its participants signed deals. The pipeline will have a capacity of 33 billion cubic meters a year. It will be 1735km long, running from the Galkinish Field though Afghanistan’s Herat and Kandahar to Fazilka on the Indian-Pakistani border. The project is worth $7.6 billion.

Read also

May 2 2015 - 18:26
Putin has ratified a Russian-Chinese gas deal.
May 2 2015 - 17:34
Ankara, Ashgabat, Baku and Brussels have discussed their cooperation in the gas sector.
May 1 2015 - 16:50
JP Morgan has adjusted its forecasts for rises in Brent oil prices by $3 per barrel in 2015 and by $10 per barrel in 2016. The bank expects the average price to reach $62 in 2015 and $72 in 2016, Trend reports.WTI oil, according to JP Morgan's predictions, will hit $55 per barrel in 2015 and $64 in 2016. The reduction of oil extraction in non-OPEC states will force prices to go up.In the long run, Brent oil prices may reach $90, and WTI – $80.
Apr 30 2015 - 21:59
Brent oil has reached a price of $66.18 per barrel, almost making it to the level of $66.71 per barrel of December 11, 2014, as seen at the ICE, London Exchange. As of 8.51pm, the dollar was worth 51.518 rubles. As of 8.45pm, the euro was worth 57.739 rubles. The dollar will cost 51.14 rubles on May 1, the euro 57.16 rubles.
Apr 30 2015 - 21:15
Bloomberg has called the Russian ruble the best currency of April. The agency said that, as of 6.00pm, its value in ratio to the US dollar rose by 12.8%, compared to its value a month earlier. This makes it the best currency among 170 others monitored by the agency, RBC reports. The Ukrainian hryvnia was rated second. It gained 10.3% in April. The euro gained 4.4%. 103 world currencies appreciated, including 16 out of 23 currencies of developing countries.
Apr 30 2015 - 14:42
Ashgabat is holding multilateral meetings at government level with the participation of a high-ranking delegation of the European Commission, where the possibility of Turkmen gas supplies to Europe is being discussed, a source close to the negotiations said.
Apr 29 2015 - 17:15
Russian Vice Prime Minister Arkady Dvorkovich said that the country is not planning to lift the embargo on imports of vegetables and fruits from the European Union, RIA Novosti reports.Alexey Pushkov, the head of the State Duma Committee for International Relations, said in early April that Russia had considered lifting the embargo for Greece, Cyprus and Hungary.Greece sent a letter to the Russian agricultural surveillance agency Rosselkhoznadzor, requesting a lifting of the embargo on agricultural products.
Apr 29 2015 - 11:24
The winner of the early presidential elections in Kazakhstan, Nursultan Nazarbayev, took the oath to the people at the inauguration ceremony in the Palace of Independence in Astana today.

Archive