India, Pak discuss TAPI

New Delhi: The Petroleum Secretaries of India and Pakistan met on Thursday and held talks on the bilateral trade of petroleum products and the Turkmenistan-Afghanistan -Pakistan-India (TAPI) pipeline project. During their meeting, G C Chaturvedi, secretary petroleum and natural gas government of India and his Pakistani counterpart Muhammad Ejaz Chaudhry focussed on the transit fee for the TAPI project and import of petroleum products from India.

The possibility of joint ventures for oil and gas exploration was also discussed. Chaudhry is in New Delhi with a Pakistani delegation to attend the Asia Gas Partnership Summit, the theme for which is "Evolving dynamics of the Asian gas market: Challenges of sourcing, integration and sustainability". Focus areas for the summit include evolving international gas trade, gas transportation and distribution, infrastructure, financing and risk mitigation, and unconventional sources of natural gas.

Pakistan`s Petroleum Minister Asim Hussain visited India in January and discussed the TAPI pipeline project with his counterpart. Turkmenistan has finalised the Gas Sale Purchase Agreement with all participating countries for the 7.6-billion dollar pipeline that will pave the way for the supply of 3.2 billion cubic feet of natural gas per day from South Yolotan, Osman and adjacent gas fields to the South Asian countries.