The news source reported that Turkmenistan has rejected India’s proposed pricing for the gas, by countering that enough potential buyers exist at the market price and the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline members should not settle for a discounted price.
The Central Asian country has reiterated that it expects around $400-$450 per thousand cubic meters of gas, compared to India’s proposal of $200-$230. Turkmenistan’s quoted gas price is reportedly comparable to the price it will get for supplying Russia, beginning in 2009.
The Indian government has indicated that such a pricing structure in addition to tariff and transit charges will make the gas volumes uncompetitive for sale in the Indian consumer market, reported the Financial Express.
