State-owned GAIL India is planning to buy 5% stake in the international consortium building the $8.7 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
Turkmenistan’s state-owned TurkmenGaz will be the leader of the consortium and shall take 85% stake, while India will be represented by GAIL, which will take a 5% interest. Further, ISGS of Pakistan and Afghan Gas Enterprise (AGE) will also take 5% stake each.
The TAPI pipeline will have a capacity to carry 90 million standard cubic metres a day (mmscmd) gas for 30 years and is planned to become operational in 2018. India and Pakistan were originally to get 38 mmscmd each while the remaining 14 mmscmd was to be supplied to Afghanistan.
GAIL is India’s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
Company Name | CMP |
---|---|
GAIL India | 208.75 |
Petronet LNG | 313.40 |
Linde India | 9458.80 |
Confidence Petroleum | 85.46 |
Refex Industries | 151.45 |
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