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Asia Global Energy - Global energy majors line up at TAPI project roadshow

February 14, 2013

http://www.indianexpress.com/news/global-energy-majors-line-up-at-tapi-project-roadshow/1004474

Global energy majors ExxonMobil Corp, Royal Dutch Shell, Chevron Corp and Petronas of Malaysia queued up at a roadshow organised here to rope in a strategic investor for executing the ambitious TAPI gas pipeline.

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) project countries invited firms which can become consortium leaders for executing the 1,680-km cross-country project, an official participating in the event said.

Besides, lead financiers too were invited at the roadshow which began yesterday, to determine the market and conditions under which qualified firms would participate in the project.

"We had representatives of ExxonMobil, Shell, Chevron, Petronas and Temasek (the Singapore-based Asia investment firm) at the roadshow," he said. "Preliminary discussions were held but nothing has been finalised so far."

Such roadshows - where representatives of the four nations along with the Asian Development Bank (ADB), the lead development partner for the project, held discussions with potential contractors - were previously held at Singapore on September 10 and New York on September 13.

"The idea behind the road shows is to interact with prospective consortium leaders and financiers of the project to understand their requirement," he said.

After the road shows are over, the delegation will move to Ashgabat (Turkmenistan) on September 22-23 for the Technical Working Group (TWG) and Steering Committee (SC) meetings of the project.

The TAPI pipeline -- which would originate from Turkmenistan, and pass through Afghanistan and Pakistan before entering India -- will have a capacity to carry 90 million standard cubic metres a day (mmscmd) gas for a 30-year period

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