The Saudi Fund of Development will finance the purchase of pipes for the construction of TAPI

The State bank for foreign economic affairs of Turkmenistan signed a financing agreement with the Saudi development Fund for the purchase of gas pipes designed for the construction of the Turkmen section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI). This was reported on the website of Vnesheconombank of the country.

As previously reported, the construction of the Turkmen stretch of 214 km TAPI gas pipeline leads from December 2015, the state concern "Turkmengas".

In November 2017, during the held in Riyadh, 5-th meeting of the Turkmen-Saudi Commission for trade-economic sotrudnichestve development Fund expressed podderzhaniya the Ashgabat gas pipeline project TAPI.

As was reported at the conference "Oil and gas of Turkmenistan-2017", the TAPI project is moving fast enough. Involved with leading consulting and law firms. A number of export credit agencies in Europe and Asia have shown interest to participate in the implementation of the pipeline construction on the territory of Afghanistan and Pakistan.

Currently, the international tenders for the purchase of equipment for the pipeline and associated infrastructure, the pipeline in Afghanistan and Pakistan. The TAPI consortium Limited PipelineCompany" is working on the financing of the pipeline and in the near future it is planned to start construction work on the Afghan and Pakistani areas.

The design capacity of TAPI is 33 billion cubic meters of gas per year.