Union petroleum ministry continues to look out for a global company that can lead a consortium for implementing the 1,680-km TAPI pipeline project.
The proposed pipeline will start from the South Yolotan-Osman field in Turkmenistan, passing through the troubled Herat, Helmand and Kandahar regions in Afghanistan via Quetta and Multan in Pakistan and finally ending at Fazilka (Punjab) in India.
The project, which is intended to transport Caspian Sea gas from Turkmenistan to India, has not received much response from global firms as it passes through terror-hit regions.
Despite several roadshows across the world, none of the global company is ready to take up the pipeline as it would be laid through a terror-hit area, reports indicate.
As of now, a special purpose vehicle (SPV) called TAPI has been formed to implement the project, which is expected to cost $9 billion.
The SPV would soon sign a transaction advisory deal with the Asian Development Bank (ADB) to raise money for the project.
Till now, roadshows for the projects were held in Singapore, New York and London, in which companies like Malaysia’s Petroliam Nasional Bhd, Singapore’s Temasek Holdings (Pvt) Ltd, Chevron Corp, ExxonMobil, BP Plc, Royal Dutch Shell and British Gas participated, reports indicate.