Pak looking forward to import gas from neighbours: Jadoon
15 February, 2006
ASHGABAT, February 15 (Online): Federal Minister for Petroleum and Natural Recourses Amanullah Khan Jadoon has said that keeping in view the sustained GDP growth in Pakistan during last 5-6 years, the energy availability has become all the more important. Pakistan is therefore looking to import gas from its neighbouring oil and gas rich countries including Turkmenistan.
He said this in his address at the first day of 9th Ministerial Steering Committee Meeting of Turkmenistan -Afghanistan - Pakistan (TAP) here Tuesday.
The meeting is being attended by Gurbanmurat Arayev, Minister of Oil and Gas Industry and Mineral Resources of Turkmenistan, Eng. Mir Mohammad Sadiq, Minster for Mines and Industry of Afghanistan , Dinsha J. Patel, Minister for State Petroleum and Natural Gas, Government of India and Dab Millison, Energy Specialist, Asian Development Bank.
Mr Jadoon said that Pakistan has hired the services of Financial Advisory Consortium for the import of gas pipeline project and work has commenced in earnest to address the technical, commercial and legal issues related to this project. Jadoon said that " We are also working to induct LNG in our system and our Financial Advisor for LNG import is on board since October last and we are moving very fast in this regard.
He went on to say that "let us understand that our nations are not prepared to give us any further time to remain in the discussion phase therefore, let us put the things on the right track, take hold decisions, which could make the project move ahead and ensure a bright future and prosperity for the masses of the region by implementing this much awaited project." He said that as a result of two days talks we would be able to dress the key issues like gas availability, security, project structure and gas pricing etc. relating to the project in the manner that the progress could be visible and perspective government could move ahead to start implementation of project.
Earlier the Turkmenistan Minister Of Oil and Gas Gurbanmurat Atayev, in his inaugural address highlighted the importance of TAP and observed that Ministerial Steering Committee meeting would evolve strategy to implement the TAP project as quickly as possible.
Later the TAP meeting discussed the issue like gas availability, security, project structure, gas pricing and financial aspects of the project. The meting reviewed the updated progress on the project and Asian Development Bank presented the feasibility report.