Monday, June 6, 2011

Turkmen Gas Prices May Dissuade India from TAPI Project...

Turkmen Gas Prices May Dissuade India from TAPI Project...

In Delhi on 27 April, the 13th meeting of the Steering Committee for the gas pipeline Turkmenistan-Afghanistan-Pakistan-India (TAPI), whose members were unable to determine the price of Turkmen gas. The Turkmen side at the meeting were Minister of Petroleum and Mineral Resources Bairamgeldy Nedirov and chairman of state concern Turkmengaz Amana Hanalei .As reported by the Indian newspaper «The Hindu», the parties could not agree on gas prices and transit costs.

“The next meeting will be held in Kabul on May 13-14, where should decide the issue of setting fees for the transit of natural gas. With the positive outcome of this meeting, participants would gather in Turkmenistan to discuss gas prices “- the newspaper notes.

Meanwhile, the Indian newspaper «Economic Times» reports that India was not willing to pay the proposed price for Turkmen natural gas to Davletabadskogo deposits, which may be higher than the price of liquefied natural gas (LNG). ”India is willing to pay about 12.67 dollars per 1 million British thermal units (mBTU – a measure of fuel) gas, while Turkmenistan requires the binding rates to the market value of LNG.Turkmenistan requirement may mean the price of 14-15 dollars per mBTU », – publication of results in view of anonymous Indian official. According to this same official, India is not going to invest in pipeline Turkmenistan-Afghanistan-Pakistan-India (TAPI), if there is a possibility to import LNG is cheaper than buying Turkmen gas.

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