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India to postpone TAPI deadline

India to postpone TAPI deadline

India is likely to extend the deadline for signing a gas sales and purchase agreement for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Under the gas transportation agreement, signed by the four countries, the GSPA between India and Turkmenistan had to be signed by April 2011.

The change in deadline would be done through an amendment to the transportation agreement. Technical groups from the four countries are currently negotiating on the finer points of pricing and structuring of the project. Representatives of Asian Development Bank, one of the financial backers of the project, are also part of the ongoing discussions on the $7.6-billion project that would build 1,680 km pipeline with a gas capacity of 90 mscmd.

Out of 90 mscmd gas that would be pushed from Dauletabad field in Turkmenistan, Afghanistan would consume 14 mscmd while 38 mscmd each would be taken by India and Pakistan. On India’s behalf, GAIL India would be importing a total of 13.87 billion cubic metre natural gas, starting 2014.

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