Pakistan, India discuss transit fee for TAPI project

Bilateral oil trade, joint exploration also on agenda.

Our Correspondent March 23, 2012

ISLAMABAD:


Pakistan and India held discussions on Thursday on setting a transit fee for a transnational gas pipeline that will run from Turkmenistan through Afghanistan and Pakistan to India.


The two sides also talked about the possibility for import of petroleum products from India as well as making joint ventures for oil and gas exploration.

These issues came up for discussion when Petroleum and Natural Resources Secretary Muhammad Ejaz Chaudhry met his Indian counterpart GC Chaturvedi in New Delhi.

A Pakistani delegation, headed by Chaudhry, was visiting India to attend the 7th Asia Gas Partnership Summit 2012.

The theme of the summit is “Evolving dynamics of the Asian gas market: challenges of sourcing, integration and sustainability”. Focus areas 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.

Earlier in January, Petroleum Minister Dr Asim Hussain visited India for holding talks with his counterpart on transit fee for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.

Turkmenistan has already finalised Gas Sale Purchase Agreement (GSPA) with all participating countries for the $7.6 billion pipeline, which will pave the way for supply of 3.2 billion cubic feet of natural gas per day from South Yolotan/Osman and adjacent gas fields to South Asian states.

Published in The Express Tribune, March 23rd, 2012.

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