TAPI Pipeline Company established by member countries

The company, in which Gail has a stake, will export up to 33 billion cubic meters of natural gas a year from Turkmenistan to Afghanistan, Pakistan, and India over 30 years

Gail India Limited along with state gas companies of Turkmenistan, Afghanistan and Pakistan have established a company that will build, own and operate the planned 1,800-kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline. Turkmengas, Afghan Gas Enterprise, Inter State Gas Systems Private Limited and Gail will own equal shares of the company, TAPI Pipeline Company Limited (TPCL)   The company has been incorporated as a Special Purpose Vehicle in the Isle of Man, a British Crown dependency, located in the Irish Sea. This SPV would be responsible for finance, ...