India and Afghanistan agree on transit fee of TAPI project – Alfalah Securities Limited

Karachi: Afghanistan and India have agreed on a transit fee of 49.49 US cents per MMBTU for Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.

According to Alfalah Securities Limited, Pakistan will be charging the transit fee from India as agreed with Afghanistan. The upstream issues will be settled at the steering committee of the project on May 24 when final agreement will be signed by the four participating nations. The gas through TAPI however, would be available by 2016 to ease off the growing gas demand while Pakistan would be able to earn the transit fee on the gas passing through its territory to India.