President of Turkmenistan instructs to accelerate the construction of TAPI

At a meeting of the Cabinet of Ministers on September 13, during the report of Deputy Prime Minister Myratgeldi Meredov , who oversees the oil and gas industry, the topic of the construction of TAPI was raised.

According to the state news agency TDH , President Gurbanguly Berdimuhamedov noted that “expanding energy supplies through new pipelines to foreign countries is an important factor in ensuring energy security.” In this regard, the head of state ordered “to intensify the construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline.”

Orders were also given to increase the production and export of liquefied gas. It should be noted that in June, a plant for the synthesis of gasoline from natural gas was opened in Akhal Velata , the design capacity of which is also designed to produce 115 thousand tons of liquefied natural gas per year.

Recall that it was planned to complete the construction of TAPI in 2019, then the deadlines were postponed until 2020.

The situation with the financing of the project remains unclear. In May 2018, the head of the TAPI Pipeline Company Ltd (TPCL) consortium, Muhammetmyrat Amanov, said that “Turkmenistan is close to successfully completing the search for funds to finance the construction of the gas pipeline.” September 4, it became known that now Turkmenistan and Pakistan have agreed to complete the financial closure of the project in early 2020.

Source: Chronicles of Turkmenistan