The Turkmen Gas Company on the much touted trans-nations (Turkmenistan-Afghanistan-Pakistan-India) TAPI gas pipeline project of worth $10 billion even after the lapse of 4 years has so far failed to achieve financial closure as earlier it was scheduled to be attained in December 2016.
Now the authorities concerned in Pakistan are saying that Turkmenistan Gas Company is now tasked to complete the financial closure in next year 2021 which is why the project will come on stream in 2023 which was earlier due to be operational in 2020 under its original plan.
Though the Turkmenistan authorities in its territory has laid down the 200 kilometers from Gylkynish—the gas field to Turkmen-Afghan border, but they have not achieved the financial closure of the project.
The top sources say unless and until the Turkmen authorities change the agreement about the gas delivery point and review about the gas prices, Pakistan will not give its ownership to the project.
Under the existing agreement, Turkmenistan will provide the gas to Pakistan at Turkmen-Afghan border and the gas transit loss in the territory of Afghanistan will be borne by Pakistan.
However, the PTI government has seriously objected to this agreement and asked Turkmenistan that the existing agreement is not in the interest of the country.
