TAPI partners okay $200 million investment

Shareholders of TAPI Pipeline Co. Ltd. have signed an investment agreement covering more than $200 million for the planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline (OGJ Online, Aug. 6, 2015).

Funding will be for activities preceding a final investment decision, according to a statement from Asian Development Bank (ADB). The activities include detailed engineering and route surveys, environmental and social safeguard studies, and procurement and financing.

The 1,600-1,800 km pipeline is to carry 90 MMscfd of Turkmen gas.

ADB acts as TAPI secretariat and transaction adviser.

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