Malaysia to participate in TAPI construction?
Published by Stephanie Roker,
Editor
World Pipelines,
Following recent meetings with Turkmenistan, Malaysian Prime Minister Najib Razak has stated that Malaysia is considering the possibility of participating in the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
At present, Turkmenistan is searching for investors into the pipeline project. Previously, Saudi Arabia, Germany, Quata and other countries has been asked to participate. However, due to geopolitical and economical risks related t the pipeline, many were unwilling.
However, the Islamic Development Bank (IDB) showed interest in the pipeline, offering US$500 million in loans for the project.
As Malaysia’s been a long-term trading partner with Turkmenistan, there’s a reasonable prospect of the country being involved in the pipeline project.
The pipeline will transport 33 billion m3/y of natural gas over the length of 1814 km.
The project is scheduled for completion in late 2019.
Read the article online at: https://www.worldpipelines.com/project-news/11112016/malaysia-to-participate-in-tapi-construction/
You might also like
The World Pipelines Podcast - GERG and the future of Europe's gas pipelines
A conversation about the role of GERG in European gas pipeline innovation, research, and decarbonisation strategy. Featuring Alexandra Kostereva, Operations Manager at GERG (European Gas Research Group).
Tune in to the World Pipelines Podcast on your favourite podcast app today.
