India has sought revision of the natural gas price it seeks to source through the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline.
About:
Route:
The 1,814-kilometre pipeline will start from the Galkynysh gas field in Turkmenistan.
It will then pass through Afghanistan and Pakistan to finally reach the Indian town of Fazilka (near the Indo-Pak border).
Capacity:
The pipeline aims to bring 33 billion cubic meters of Turkmen gas to South Asia for 30 years.
Of this, 5 billion cubic metres (180 billion cubic feet) will be provided to Afghanistan and 14 billion cubic metres (490 billion cubic feet) to each Pakistan and India.
Background:
The original project started in 1995, but got delayed due to various reasons.
In February 2018, ground-breaking ceremony for Afghanistan's section of TAPI gas pipeline was held in the western Afghan city of Herat.
Pricing: In 2013, the four nations signed a Gas Sale Purchase Agreement (GSPA) that bench-marked the price of natural gas that Turkmenistan is to export at 55% of the prevailing crude oil price.
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