Pakistan is waiting for Turkmen gas: the Investment Council has ordered to speed up the TAPI project
The Islamabad-based Supreme Committee of the Special Investment Facilitation Council (SIFC) has directed Pakistan's Ministry of Foreign Affairs and the Petroleum Department to expedite the resolution of the Saudi Aramco and Pakistan State Oil issues, as well as the TAPI gas pipeline, Business Recorder reported on Tuesday, citing its informed sources.
The SIFC Committee, which includes the country's top civilian and military leadership, in particular, gave instructions to achieve specific results within a specified time frame for the TAPI project and other named priority projects.
By November 30, 2023, the following must be concluded: Host Government Agreement (HGA); Gas Transportation Agreement (LNG); Pipeline system rules, etc.
The committee also sought a report from the Minister of Petroleum, Industry and Production and the Minister of Finance on progress in ensuring a stable supply of gas for the needs of industry, power generation, commercial and residential consumers.
It is reported that discussions will be held at the ministerial level to study the possibility and mechanism for purchasing electricity from Turkmenistan, and options for swap gas supplies from Azerbaijan/Turkmenistan will also be considered.
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