07-26-2005, 04:31 AM
<b>TAP gas pipeline meeting delayed: Turkmenistan fails to submit gas reserves report</b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo-->
<b>ISLAMABAD: The steering committee meeting of Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project has been postponed due to Turkmenistanâs failure to provide detailed verification report on its Daultabad gas field reserves, a government official told Daily Times.</b>
The proposed three-day meeting was to be held in the Turkmenistan capital Ashkabad on July 27, 28, 29 to review the development work on the $ 3.3 billion project that would provide 3 billion cubic feet of gas per day. Afghanistan and Pakistan first want to know the exact quantity of the Daultabad gas reserves in order to give the final go-ahead to the project.
The official said the Turkmenistan authorities had sought a one-month period to provide the detailed gas reserves verification report in the last steering committee meeting that was held in Islamabad.
The official said that the Turkmenistan authorities had claimed that the Daultabad gas field had adequate gas reserves to last for at least 30 years in the Islamabad meeting but they were yet to submit the report to back their claim. He said that matters relating to revenue distribution or purchase rate of gas were to be finalised in the Ashkabad steering committee meeting.
However, he said the Asian Development Bank (ADB) had presented the feasibility study of the gas pipeline that indicated that the project was economically viable. He said that the current Daultabad-Kandhar-Chaman-Loaralai-Multan pipeline route would be finalised after the final decision of the concerned parties.
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<b>ISLAMABAD: The steering committee meeting of Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project has been postponed due to Turkmenistanâs failure to provide detailed verification report on its Daultabad gas field reserves, a government official told Daily Times.</b>
The proposed three-day meeting was to be held in the Turkmenistan capital Ashkabad on July 27, 28, 29 to review the development work on the $ 3.3 billion project that would provide 3 billion cubic feet of gas per day. Afghanistan and Pakistan first want to know the exact quantity of the Daultabad gas reserves in order to give the final go-ahead to the project.
The official said the Turkmenistan authorities had sought a one-month period to provide the detailed gas reserves verification report in the last steering committee meeting that was held in Islamabad.
The official said that the Turkmenistan authorities had claimed that the Daultabad gas field had adequate gas reserves to last for at least 30 years in the Islamabad meeting but they were yet to submit the report to back their claim. He said that matters relating to revenue distribution or purchase rate of gas were to be finalised in the Ashkabad steering committee meeting.
However, he said the Asian Development Bank (ADB) had presented the feasibility study of the gas pipeline that indicated that the project was economically viable. He said that the current Daultabad-Kandhar-Chaman-Loaralai-Multan pipeline route would be finalised after the final decision of the concerned parties.
<!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo--> Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->