Saudi Arabia may support financing of TAPI gas pipeline project
By Trend
Saudi Arabia may support the financing of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, Trend reports with reference to the Saudi newspaper Al-Riyadh.
Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih said that the company Saudi Aramco believes that gas reserves concentrated in Turkmenistan are among the biggest ones in the world.
The company is studying the issue of supporting financing for the project of a giant pipeline from Turkmenistan, which will be connected to India through a number of countries, the minister added.
“Saudi Arabia’s support of gas exports from Turkmenistan to India is the biggest shift in world trade of liquefied natural gas (LNG) for India,” the minister said.
Al-Riyadh notes that Saudi Arabia as a whole promotes joint investments in the countries of the Caspian region in the sectors of petrochemistry, oil, gas, mining, renewable energy and others.
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