Pakistan moves on gas pipeline funding

22 Dec 2015   Pakistan, Pipelines

The Pakistani government said it’s approved a proposal to deliver funding to help support a multilateral natural gas pipeline stretching east from Turkmenistan. An economic committee, chaired by Pakistani Finance Minster Mohammad Ishaq Dar, approved a proposal to set aside $200 million for the country’s share in a company steering the Turkmenistan- Afghanistan -Pakistan-India, or TAPI, pipeline. “The Economic Coordination Committee also approved release of $12 million out of this share for the preliminary works in four equal tranches starting from January 2016 as per the disbursement plan,” the ministry said in a statement. Turkmenistan is expected to send up to 1.1 trillion cubic feet of natural gas per year to Afghanistan, Pakistan and India for the next 30 years once […]

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