Islamabad: The National Assembly Standing Committee on Energy was recently informed that the groundbreaking of the Pakistan section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project would be held in Chaman in October, according to a new source.
Read: Pak, Turkmenistan sign agreement on TAPI
The Secretary of Petroleum Division, Mian Asad Hayauddin briefed the MNAs in attendance about the operations and mandate of the Petroleum Division and all its subsidiaries, in the first sitting. He informed the committee that since no major oil or gas resources were discovered in the country for a long while, it is causing rapid depletion of the existing reserves. The lack of said resources is being balanced temporarily through the import of LPG (Liquefied Petroleum Gas) and LNG (Liquefied Natural Gas).
The Secretary maintained that if these TAPI and Iran-Pakistan gas pipeline projects are successfully executed, the country would leave the worse of its fuel crises behind, and wouldn’t need to rely on the imported LPG and LNG.
He also briefed about the other upcoming projects, especially one being planned with a Russian firm, and the North-South and Machikey-Taru Jabba oil pipeline.
As of now, the IP gas pipeline project is halted, owing to the international sanctions on Iran. The Secretary further stated that presently Pakistan is faced with an approximated shortage of three to six billion cubic feet of gas per day, which is being compensated through the imported gas.