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Pakistan, Turkmen Gas-Sale-Purchase Agreement signed

Islamabad: Federal Minister for Petroleum and Natural Resources Dr. Asim Hussain called on the President of Turkmenistan Mr. Gurbanguly Berdimuhamedov here in Islamabad today. Secretary Petroleum Muhammad Ejaz Chaudhry was also present on the occasion.

The Turkmen President is on state visit to Pakistan and earlier today the Governments of Pakistan and Turkmenistan have initialled the Gas Sale Purchase Agreement (GSPA) for the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. Turkmenistan would provide 3.2 billion cubic feet of Natural Gas per day (bcfd) from the South Yolotan / Osman and adjacent gas fields through a pipeline.

The initial feasibility study of the project was conducted in 2004. The momentum on TAPI project negotiations picked up after mid 2010 and in December 2010 Inter Governmental Agreement (IGA), Gas Pipeline Framework Agreement (GPFA) and Heads of Agreement (HOA) were signed in Turkmenistan. Several rounds of bilateral negotiations were held between Turkmenistan and Pakistan on TAPI Gas price ending in October, 2011.

Federal Minister apprised the Turkmen President regarding Pakistan’s view point on base price, transportation tariff, transit variability and risk sharing.

For more information, contact:
Dr. Asim Hussain
Minister for Petroleum and Natural Resources
Room No. 301, 3rd Floor, A block Pak Secretariat
Islamabad.
Phone: + (92-51) 9210220
Fax: + (92-51) 9206416
E-mail: minister@mpnr.gov.pk

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