BR100 Increased By (0.34%)
BR30 Increased By (0.77%)
KSE100 Increased By (0.26%)
KSE30 Increased By (0.25%)
BECO 5.73 Increased By ▲ 0.34 (6.31%)
BML 57.30 Decreased By ▼ -0.16 (-0.28%)
BOP 36.77 Increased By ▲ 0.46 (1.27%)
CNERGY 8.39 Increased By ▲ 0.18 (2.19%)
DCL 12.04 Increased By ▲ 0.21 (1.78%)
FCCL 58.61 Decreased By ▼ -0.67 (-1.13%)
FCSC 5.01 No Change ▼ 0.00 (0%)
FFL 17.94 Increased By ▲ 0.09 (0.5%)
FNEL 1.26 No Change ▼ 0.00 (0%)
HUMNL 11.42 Decreased By ▼ -0.08 (-0.7%)
KEL 8.29 Decreased By ▼ -0.04 (-0.48%)
KOSM 6.62 Decreased By ▼ -0.01 (-0.15%)
MLCF 108.29 Increased By ▲ 0.86 (0.8%)
NBP 206.04 Increased By ▲ 1.03 (0.5%)
PACE 11.17 Increased By ▲ 0.07 (0.63%)
PAEL 45.35 Decreased By ▼ -0.07 (-0.15%)
PIAHCLA 30.77 Decreased By ▼ -0.99 (-3.12%)
PIBTL 19.06 Increased By ▲ 0.21 (1.11%)
PPL 245.95 Increased By ▲ 2.21 (0.91%)
PRL 36.08 Decreased By ▼ -0.16 (-0.44%)
PTC 72.36 Increased By ▲ 0.29 (0.4%)
SEARL 96.67 Increased By ▲ 2.09 (2.21%)
SSGC 31.67 Decreased By ▼ -0.18 (-0.57%)
TELE 9.27 Increased By ▲ 0.25 (2.77%)
THCCL 67.81 Decreased By ▼ -0.66 (-0.96%)
TPLP 11.23 Increased By ▲ 0.51 (4.76%)
TREET 25.89 No Change ▼ 0.00 (0%)
TRG 67.84 Increased By ▲ 3.53 (5.49%)
WAVES 10.98 Increased By ▲ 0.07 (0.64%)
WTL 1.28 Decreased By ▼ -0.01 (-0.78%)

ISLAMABAD: Special Assistant to Prime Minister on Petroleum Nadeem Babar led discussion with Turkmenistan delegation headed by Muhammetmyrat Amanov, Chief Executive Officer and Chairman of the Board of Directors of TPCL (TAPI Pipeline Company Limited) on TAPI at Ministry of Energy, Petroleum Division.

Atadjan Movlamov, Ambassador of Turkmenistan to Pakistan also attended the meeting. The meeting was attended by Secretary Petroleum, Managing Director, Inter State Gas Systems (Pvt) Ltd and other high officials in the Ministry of Energy (Petroleum Division), Ministry of Foreign Affairs, Ministry of Law and Justice, Ministry of Finance and office of Attorney General of Pakistan.

The progress on the project was reviewed, and both sides expressed their satisfaction over the progress made so far by TAPI Pipeline Company Limited, despite the challenging coronavirus situation.

Turkmenistan delegation informed that they intend to start construction activities in Afghanistan by building the gas pipeline from Turkmen-Afghan border to Herat Offtake point in Afghanistan.

The commencement of construction work in Afghanistan will immensely boost the confidence of international investors to invest in the project. Pakistan is keenly interested in re-building international standard gas infrastructure in Afghanistan and extending full support at every level to commence such development activities in Afghanistan.

Both sides also discussed Pakistan's concerns pertaining to commercial and legal aspects. The Turkmen side assured that Pakistan's concerns will be adequately addressed in the relevant agreements, and negotiations will start as soon as Covid-19 situation improves globally.

Pakistan side expressed its readiness to finalise the matter in order to proceed to actual construction work in Pakistan in parallel with Afghanistan. The two sides also agreed to finalise the Host Government Agreement by the end of this year. Turkmen side informed that their negotiations with international lending agencies and Export Credit Agencies are going well.

Pakistan side informed that it would like to do the TAPI ground breaking in Pakistan at the earliest after the finalization of the issues under discussion. Turkmenistan appreciated the support given by Pakistani authorities in timely completing the milestones, and progressing fast on the implementation of the project to meet the growing energy of Pakistan.

Copyright Business Recorder, 2020

Comments

Comments are closed for this article.