Successful roadshows held for TAPI pipeline project in Singapore, New York & London
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Successful roadshows held for TAPI pipeline project in Singapore, New York & London

Islamabad : Pakistan | Sep 23, 2012 at 8:30 PM PDT
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Iran-Pakistan gas pipeline to be discussed in Moscow Posted By Raza Jaferi.

ISLAMABAD - With the aim to meet the potential project sponsor for participating in the TAPI Pipeline Project, three (3) roadshows were organized between 11thand 20thSeptember 2012 in Singapore, New York City and London.
The first and second parts of the roadshows were held in Singapore on 11th September 2012,and in New York on 13th and 14th September 2012,respectively, while the third in London that started on 17th September 2012 and concluded on 20th September 2012. The road shows are coordinated by Asian Development Bank (ADB) and attended by representatives from Turkmenistan, Afghanistan, Pakistan and India. Pakistan delegation was represented by Mr. Mobin Saulat, Managing Director Inter State Gas System (ISGS) and a team comprising technical, commercial and legal experts from ISGS.
The Singapore roadshow was very well received by the market and renowned companies and Financial Institutions such as PETRONAS, TEMASEK and State Bank of India attended the roadshow. The invitees were given comprehensive presentation by ADB and TAPI members on overall structure of the project, supply source, the market demand in Afghanistan, Pakistan and India. The invitees were also updated on the current status and way forward.
Pakistan side during the interaction with the roadshow invitees updated them that Pakistan has recently launched new Petroleum Policy2012 and copies of the Policy were given. The salient features of Petroleum Policy such as improved and more incentivized pricing mechanism were described. The companies expressed interest in the policy.
The New York roadshows were attended by world leading IOCs such as Chevron and Exxon Mobile and leading financial institutions CITI Group and US EXIM. All the participants expressed keen interest in the project. The London Road Show continued from 17th to 20th September 2012. TAPI Parties have met with British Petroleum, Shell, British Gas and Morgan Stanley. The notable invitees for upcoming shows are Mubadala Group, Macquarie, RWE and Deutsche Bank.
The Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project aims to export up to 33 billion cubic meters (bcm) of natural gas per year through a proposed approximately 1,800-kilometer (km) pipeline from Turkmenistan to Afghanistan, Pakistan and India. The estimated cost of the project is US$7.6 billion based on prefeasibility study done by PENSPEN.
The signing of the Gas Pipeline Framework Agreement (GPFA), Inter-Government Agreement (IGA), and Heads of Agreement (HoA) relating to Gas Sales and Purchase Agreement (GSPA) of the project was achieved in December 2010.
A major milestone was achieved in May 2012 when Pakistan-Turkmenistan and India Turkmenistan bilateral GSPAs were inked on 23rd May 2012. Turkmenistan-Afghanistan bilateral GSPA is in process of finalization.
In view of the project’s size and complexities, the Parties agreed that it is necessary to attract and select a consortium lead which can (i) attract financing, (ii) manage construction, and (iii) reliably operate the pipeline. This need is enshrined in the GPFA which was signed in December 2010 by Heads of State in Ashgabat, Turkmenistan.

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Successful roadshows held for TAPI pipeline project in Singapore, New York & London
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farooq0300 is based in Faisalābād, Punjab, Pakistan, and is a Stringer for Allvoices.
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