Battling for energy
July 11, 2021
Pakistan will almost certainly face a shortage of gas this winter, just as it did the previous year and indeed the year before that. The current government has failed over the past two and a half to three years to lay any new pipeline, while the future of the one laid by the PML-N government from Sindh to Punjab is in doubt. There appear to be two threads of thought. Since 2015, negotiations have been continuing with Russia over the laying of a pipeline that would offer Pakistan much needed gas. While a Russian delegation is due to arrive in the country within a few weeks to discuss the matter and the possible hurdles coming up from Pakistan in this pipeline project, there is a lobby within the country which wishes to use a different pipeline combining the resources of Sui Northern and Sui Southern to solve the problem.
Make or break talks with Russia on PSGP from 12th
July 10, 2021
ISLAMABAD: In a new development, a 12-member Russian delegation, headed by A A Tolparov, Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development, is coming on July 12 to Pakistan for having ‘make or break’ four-day talks on the country’s most strategic project of Pakistan Stream Gas Pipeline (PSGP), which is also known as the North South Gas Pipeline.
Both the countries inked on May 28 an amended Inter Governmental Agreement on PSGP in Moscow with the resolve to sign the shareholder agreement and other commercial accords within 60 days. The talks would focus on shareholders’ agreement and heads of terms. Both the countries would also decide about the diameter of the pipeline.
Make or break talks with Russia on PSGP from July 12
July 10, 2021
ISLAMABAD: In a new development, a 12-member Russian delegation, headed by A A Tolparov, Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development, is coming on July 12 to Pakistan for having ‘make or break’ four-day talks on the country’s most strategic project of Pakistan Stream Gas Pipeline (PSGP), which is also known as the North South Gas Pipeline.
Both the countries inked on May 28 an amended Inter Governmental Agreement on PSGP in Moscow with the resolve to sign the shareholder agreement and other commercial accords within 60 days. The talks would focus on shareholders’ agreement and heads of terms. Both the countries would also decide about the diameter of the pipeline.
July 10, 2021
ISLAMABAD: In a new development, a 12-member Russian delegation, headed by A A Tolparov, Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development, is coming on July 12 to Pakistan for having ‘make or break’ four-day talks on the country’s most strategic project of Pakistan Stream Gas Pipeline (PSGP), which is also known as the North South Gas Pipeline.
Both the countries inked on May 28 an amended Inter Governmental Agreement on PSGP in Moscow with the resolve to sign the shareholder agreement and other commercial accords within 60 days. The talks would focus on shareholders’ agreement and heads of terms. Both the countries would also decide about the diameter of the pipeline.
Headwinds, policy confusions subverting Russian gas line project
July 7, 2021
ISLAMABAD: The fate of country’s strategic project, Pakistan Stream Gas Pipeline (PSGP), also known as North South Gas Pipeline, is in the doldrums as the Petroleum Division has started finalizing alternate gas pipeline project by mid-July putting the ties with Russia, which have improved a lot in recent years, in jeopardy.
Pakistan and the Russian Federation signed the amended Inter Governmental Agreement (IGA) on May 28, 2021 in Moscow on Pakistan Stream Gas Pipeline Project (PSGP), now both the countries have to sign the share-holders Agreement (SHA) within 60 days from the signing of the protocol scheduled for July 27, 2021.