Business

Gas pipeline: Power China signs MoU with ISGS

The pipeline would serve as a secure and continuous supply of affordable gas

APP April 10, 2018

The pipeline would serve as a secure and continuous supply of affordable gas PHOTO: REUTERS

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 10^th, 2018.

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