A regular meeting of the Steering committee for Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline took place in Ashgabat. The meeting brought together the heads of the sectoral ministries, representatives of all countries taken part in the project as well as specialists of the Asian Development Bank.
During the meeting, the expert group reported on the outcomes of the business trip to the leading financial centers in Asia, America and Europe - Singapore, New York and London taken place in September with the aim to enhance the information support and attract leading international oil and gas companies and financial institutions into consortium to implement the TAPI gas pipeline project.
The presentations arranged within the framework of the business trip allowed the heads of the large companies of the world fuel and energy complex to learn more about the key terms of the project implementation. The meetings with the representatives of the leading international oil and gas companies and financial institutions were held during the meeting to familiarize them with this large-scale project.
The experts underlined that many foreign financial and banking structures expressed their interest in implementation of this largest gas pipeline project in the region. The representatives of these structures were briefed on the financial and economic reasonability, tax and other benefits and were familiarized with all necessary legal and regulatory documents of the TAPI Project.
It was noted that in addition to purely economic targets, laying of the transnational gas pipeline would allow the countries participating in the project to solve a number of important social and humanitarian issues, including creation of new jobs, formation of the transport, communications and social infrastructure along the gas pipeline, etc. and that was the most important, would help to maintain and strengthen the political and social stability in the region.
The presentations aroused keen interest among foreign journalists, who underlined that the TAPI project was economically sound and its implementation promised many commercial benefits. Noting that Turkmenistan possessing huge natural gas resources is able to fulfill the undertaken commitments, analysts cited the statement of President of Turkmenistan Gurbanguly Berdimuhamedov, who said that access to the raw materials sources was ‘the issue of geopolitics that is directly related to the sustainability of the entire system of international relations’.
The Turkmen leader’s words contain a message for the world investors - Turkmenistan as a ‘blue fuel’ supplier has fulfilled the undertaken commitments that, in its turn, serve as a guarantee for additional dividends to all business entities that are interested in investing this ambitious project.
Calling for diversification of the international cooperation in the energy sector, actively forming a multivariate system of delivering energy resources to the world markets, Turkmenistan contributes to creation of a reliable system of the global energy security and, therefore, to solution of the current economic and social challenges.
It should be also noted that Turkmenistan pays significant attention to establishment of a reliable system for transportation of its energy resources to foreign consumers having concluded a number of new long-term intergovernmental agreements on cooperation in the gas sector in the last few years.
The meeting participants considered and approved the key results of the meeting of the TAPI Technical Working Group, which took place in Ashgabat the day before.
The plans for the near future including accelerated implementation of the transnational pipeline project and increase in the membership of the Consortium under formation, including selection of the Consortium leader of the consortium were discussed at the meeting of the TAPI Steering committee held in a business and constructive key.
During the meeting, the expert group reported on the outcomes of the business trip to the leading financial centers in Asia, America and Europe - Singapore, New York and London taken place in September with the aim to enhance the information support and attract leading international oil and gas companies and financial institutions into consortium to implement the TAPI gas pipeline project.
The presentations arranged within the framework of the business trip allowed the heads of the large companies of the world fuel and energy complex to learn more about the key terms of the project implementation. The meetings with the representatives of the leading international oil and gas companies and financial institutions were held during the meeting to familiarize them with this large-scale project.
The experts underlined that many foreign financial and banking structures expressed their interest in implementation of this largest gas pipeline project in the region. The representatives of these structures were briefed on the financial and economic reasonability, tax and other benefits and were familiarized with all necessary legal and regulatory documents of the TAPI Project.
It was noted that in addition to purely economic targets, laying of the transnational gas pipeline would allow the countries participating in the project to solve a number of important social and humanitarian issues, including creation of new jobs, formation of the transport, communications and social infrastructure along the gas pipeline, etc. and that was the most important, would help to maintain and strengthen the political and social stability in the region.
The presentations aroused keen interest among foreign journalists, who underlined that the TAPI project was economically sound and its implementation promised many commercial benefits. Noting that Turkmenistan possessing huge natural gas resources is able to fulfill the undertaken commitments, analysts cited the statement of President of Turkmenistan Gurbanguly Berdimuhamedov, who said that access to the raw materials sources was ‘the issue of geopolitics that is directly related to the sustainability of the entire system of international relations’.
The Turkmen leader’s words contain a message for the world investors - Turkmenistan as a ‘blue fuel’ supplier has fulfilled the undertaken commitments that, in its turn, serve as a guarantee for additional dividends to all business entities that are interested in investing this ambitious project.
Calling for diversification of the international cooperation in the energy sector, actively forming a multivariate system of delivering energy resources to the world markets, Turkmenistan contributes to creation of a reliable system of the global energy security and, therefore, to solution of the current economic and social challenges.
It should be also noted that Turkmenistan pays significant attention to establishment of a reliable system for transportation of its energy resources to foreign consumers having concluded a number of new long-term intergovernmental agreements on cooperation in the gas sector in the last few years.
The meeting participants considered and approved the key results of the meeting of the TAPI Technical Working Group, which took place in Ashgabat the day before.
The plans for the near future including accelerated implementation of the transnational pipeline project and increase in the membership of the Consortium under formation, including selection of the Consortium leader of the consortium were discussed at the meeting of the TAPI Steering committee held in a business and constructive key.
