TAPI gas pipeline can be completed within 3 to 4 years after achieving financial close.

ISLAMABAD -- Minister of State for Petroleum Musadik Malik has said that Turkmenistan-AfghanistanPakistan-India (TAPI) gas pipeline project is on track and it can be completed within three to four years after achieving financial close. The minister also announced expansion of TAPI gas pipeline till Gwadar. Minister of State for Petroleum Division further said that Pakistan will soon announce its refining policy and is expected to attract an investment of $12 billion to set up a world-class refinery in the country. While addressing the Thought Leaders Forum (TLF) on Pakistan's energy vision, a harbinger for economic development, organized by the Institute of Strategic Studies Islamabad (ISSI), MoS for Petroleum Division Dr Musadik Masood Malik said that the plan for Turkmenistan-Afghanistan-PakistanIndia (TAPI) gas pipeline has been made. The minister said there is no problem in bringing gas from Turkmenistan and they are working on the project. This project will provide up to 1.3 bcf gas per day, the minister said. He said that for onward supply of TAPI gas, construction of pipeline from Chaman to Multan is planned.

The minister said that TAPI will also be extended till Gwadar. Pakistan will also lay gas pipeline from Chaman to Gwadar, the minister informed. However, regarding IranPakistan Gas Pipeline project, the minister said that it is currently facing international sanctions. The minister said that if the TAPI project achieve financial close, it can be completed within three to four years. Musadik Malik said that the subsidies have hindered the growth of...