By Trend
Saudi Arabia may support the financing of the
Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline
project,
Trend reports with reference to the Saudi newspaper
Al-Riyadh.
Minister of Energy, Industry and Mineral Resources of Saudi
Arabia Khalid Al-Falih said that the company Saudi Aramco believes
that gas reserves concentrated in Turkmenistan are among the
biggest ones in the world.
The company is studying the issue of supporting financing for
the project of a giant pipeline from Turkmenistan, which will be
connected to India through a number of countries, the minister
added.
“Saudi Arabia’s support of gas exports from Turkmenistan to
India is the biggest shift in world trade of liquefied natural gas
(LNG) for India,” the minister said.
Al-Riyadh notes that Saudi Arabia as a whole promotes joint
investments in the countries of the Caspian region in the sectors
of petrochemistry, oil, gas, mining, renewable energy and
others.
Earlier it was reported that Saudi Aramco is considering the
possibility of investing in the production of oil and gas in
Turkmenistan.
The King of Saudi Arabia Salman bin Abdulaziz Al Saud in his
letter to President of Turkmenistan Gurbanguly Berdimuhamedov a
year ago drew attention to the fact that the Saudi Fund for
Development supported the construction of the TAPI gas
pipeline.
Construction of the Turkmen section of the TAPI gas pipeline has
been underway since December 2015, work has recently begun on the
Afghan section. This year is scheduled to begin work in
Pakistan.
Construction of the Turkmen section of TAPI was launched in
December 2015, while the Afghan section in February 2018. Pakistan
plans to start the work on its pipeline section this year.
The total length of the pipeline, with a capacity of 33 billion
cubic meters of gas per year will be 1,840 kilometers. The length
of the Turkmen section will be 205 kilometers.
Then, this pipeline will pass through the Afghan cities of Herat
and Kandahar (816 kilometers), through the cities of Quetta and
Multan across Pakistani territory (819 kilometers), and reach the
settlement of Fazilka in India.
---
Follow us on Twitter @AzerNewsAz