OREANDA-NEWS.The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that the proposed TAPI pipeline will have a length of 1814 kms and the estimated cost of the project as per Penspen Report of 2008, is approximately USD 7.6 billion. The volume of gas likely to be supplied to India is 38 MMSCMD (Million Metric Standard Cubic Metre per Day) for a period of 30 years.

Two Government level agreements have been signed for TAPI project namely, Gas Pipeline Framework Agreement and Inter Governmental Agreement among the four member countries.

GAIL has signed a bilateral GSPA with Turkmengas for sourcing 38 MMSCMD of natural gas for 30 years which would be transported to India through TAPI Pipeline. The investment in the pipeline project shall be made by all the project proponents, including the Consortium Leader. However, the investment structure would be finalized only after the selection of a Consortium Leader.

A Steering Committee Meeting was held on 20/11/2014 at Ashgabat, Turkmenistan. The Steering Committee reviewed the present status of the project, including progress made for selection of consortium leader.

Governments of all 4 countries are working together to select and induct a Consortium Leader in the TAPI Pipeline Company Ltd.