Islamabad, April 08, 2015 (PPI-OT): A delegation led by U.S. Ambassador Richard G. Olson today called on the Federal Minister for Petroleum, Shahid Khaqan Abbasi. The U.S. delegation included Daniela A. Ballard, Counsellor for Economic Affairs and Michael R. Curtis, Director, Office of Energy, USAID Pakistan and met with the Federal Minister and with Secretary, Ministry of Petroleum and Natural Resources, Arshad Mirza.
The meeting focused on the upcoming U.S. – Pakistan Energy Working Group meeting to be held in Islamabad April 29th – 30th. U.S. Ambassador Olson apprised the Federal Minister that the US delegation would be led by U.S. Special Envoy and Coordinator for International Energy Affairs, Amos Hochstein. The focus of the upcoming discussions would be on clean energy sources – gas and renewable. The Energy Working Group last took place in November 2013 in Washington chaired by the previous Special Envoy and Coordinator for International Energy Affairs Ambassador Carlos Pascual, Minister of Petroleum Shahid Khaqan Abbasi and Minister of Water and Power Khawaja Muhammad Asif.
The U.S. Ambassador appreciated the progress Pakistan has made in several areas since the last Energy Working Group including the first delivery of liquefied natural gas (LNG) at a new import terminal at Port Qasim. The Federal Minister highlighted that the LNG currently being imported is expected to result in savings to Pakistan of over seven hundred and fifty million U.S. dollars through replacement of imported liquid fuels by the power generation sector. Furthermore with the fast-track implementation of gas-fired power generation the savings to Pakistan would exceed two billion U.S. dollars. During the meeting the progress of USAID initiatives supporting Pakistan’s E and P sector was also reviewed with the Federal Minister expressing satisfaction on the efforts of USAID.
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Ministry of Petroleum and Natural Resources