Make or break talks with Russia on PSGP from 12th
July 10, 2021
ISLAMABAD: In a new development, a 12-member Russian delegation, headed by A A Tolparov, Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development, is coming on July 12 to Pakistan for having ‘make or break’ four-day talks on the country’s most strategic project of Pakistan Stream Gas Pipeline (PSGP), which is also known as the North South Gas Pipeline.
Both the countries inked on May 28 an amended Inter Governmental Agreement on PSGP in Moscow with the resolve to sign the shareholder agreement and other commercial accords within 60 days. The talks would focus on shareholders’ agreement and heads of terms. Both the countries would also decide about the diameter of the pipeline.
Make or break talks with Russia on PSGP from July 12
July 10, 2021
ISLAMABAD: In a new development, a 12-member Russian delegation, headed by A A Tolparov, Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development, is coming on July 12 to Pakistan for having ‘make or break’ four-day talks on the country’s most strategic project of Pakistan Stream Gas Pipeline (PSGP), which is also known as the North South Gas Pipeline.
Both the countries inked on May 28 an amended Inter Governmental Agreement on PSGP in Moscow with the resolve to sign the shareholder agreement and other commercial accords within 60 days. The talks would focus on shareholders’ agreement and heads of terms. Both the countries would also decide about the diameter of the pipeline.
July 10, 2021
ISLAMABAD: In a new development, a 12-member Russian delegation, headed by A A Tolparov, Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development, is coming on July 12 to Pakistan for having ‘make or break’ four-day talks on the country’s most strategic project of Pakistan Stream Gas Pipeline (PSGP), which is also known as the North South Gas Pipeline.
Both the countries inked on May 28 an amended Inter Governmental Agreement on PSGP in Moscow with the resolve to sign the shareholder agreement and other commercial accords within 60 days. The talks would focus on shareholders’ agreement and heads of terms. Both the countries would also decide about the diameter of the pipeline.
Govt devises multi-pronged strategy to reform gas sector: Tabish
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Efforts would be made to provide CPEC-style centralized security cover to the companies: SAPM
ISLAMABAD (APP) - Special Assistant to the Prime Minister (SAPM) on Petroleum and Power Tabish Gauhar Friday said the Pakistan Tehreek-i-Insaf (PTI) government had devised a multi-pronged strategy to reform the gas sector and meet the country’s energy needs in an efficient manner.
“Our government is determined to reform the gas sector and for this purpose we have devised a strategic work stream that is further divided into three parts; short term, medium term and long term,” he said in a series of tweets.
Eight years on, the $2.5 billion gas pipeline from Port Qasim the centre of liquefied natural gas (LNG)import terminals to Lahore to meet the energy needs of industry upcountry remains in the air. The project justifies the feasibility of new upcoming LNG terminals to create gas transportation capacity from ports in the South to consumption centres in the North.
It should have been completed by 2017-18, according to original plans. However, the timelines to finalise the contractual agreements with Russia on a ‘strategic government-to-government’ basis have changed six times between 2015 and 2020. Yet, the authorities are now rethinking if Pakistan’s own entities Sui Southern and Sui Northern Gas Companies should develop the project on their own with limited external technical or financial support albeit even if with a lower capacity or to chip in UAE’s Mubadala a $250bn investment firm of the royal family.