Pakistan, India discuss petroleum products trade, TAPI pipeline
ISLAMABAD: Pakistan’s Secretary for Petroleum & Natural Resources Muhammad Ejaz Chaudhry met with his Indian counter part GC Chaturvedi in New Delhi on Thursday and held talks on bilateral trade of petroleum products and the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project.
The Pakistani delegation, headed by Ejaz Chaudry, is visiting India to attend the 7th Asia Gas Partnership Summit 2012, said a press release issued here Thursday.
During the meeting, discussions were held on transit fee for the TAPI project and import of petroleum products from India. Moreover, possibility of joint ventures for oil & gas exploration was also discussed.
The theme of the Asia Gas Partnership Summit is “Evolving Dynamics of the Asian Gas Market: Challenges of Sourcing, Integration and Sustainability”. Focus areas of the summit include evolving international gas trade; Sourcing, connectivity and potential markets; Gas transportation and distribution; Gas infrastructure, financing and risk mitigation; unconventional sources of natural gas; and commercial and legal considerations.
It may be recalled that Dr Asim Hussain, Minister for Petroleum & Natural Resources, visited India during January 2012 and discussed transit fee for the TAPI Pipeline Project with his counterpart.
Turkmenistan has already finalised the Gas Sale Purchase Agreement (GSPA) with all the participating countries for the $7.6 billion TAPI gas pipeline that will pave the way for the supply of 3.2 billion cubic feet of natural gas per day from South Yolotan /Osman and adjacent gas fields to South Asian states through the pipeline.