Thursday, November 17, 2011

#Iran #India #Pakistan :Tapi gas pipeline transit fee: Asim to visit India for talks


ISLAMABAD: Minister for Petroleum and Natural Resources Dr Asim Hussain would visit India in December 2011 to negotiate the transit fee for planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, Business Recorder has learnt.

Pakistan on November 14 signed initial Gas Sales Purchase (GSP) agreement with Turkmenistan, which was a landmark achievement. Talking about the next steps regarding the TAPI project, sources said that this would be followed by the signing of 'Heads of Agreement' and Transportation and Transit accords by the end of the year.

Sources said India is reported to have already finalised gas price with Turkmenistan under the TAPI project, and it has negotiated a transit fee with Pakistan. more