ISLAMABAD: Prime Minister Shahid Khaqan Abbasi and Power China Limited Vice President Li Yanming witnessed the signing of a Memorandum of Understanding (MoU) between Inter-State Gas Systems (ISGS) and Power China for laying the north-south gas pipeline at Sanya (China) on Monday.
“The pipeline would serve as a secure and continuous supply of affordable gas in areas currently showing increased demand for power generation and industrial use,” stated a press release issued by the PM Office.
The premier is currently in China to attend the Boao Economic Forum. He witnessed the signing of another MoU between Pakistan State Oil (PSO) and Power China for the construction of up-country deep conversion oil refinery and crude oil pipeline.
This project will help reduce the cost of transporting petroleum products via road from refineries in southern areas and also ensure uninterrupted supply.
Foreign Minister Khawaja Muhammad Asif, Pakistan’s Ambassador to China Masood Khalid, Chinese Ambassador to Pakistan Yao Jing and other senior officials were also present on the occasion.
Published in The Express Tribune, April 10th, 2018.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ