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  Pakistan Grants Special Concessions to TAPI Gas Pipeline Project

  Pakistan Grants Special Concessions to TAPI Gas Pipeline Project-Realtorspk

Islamabad: The Pakistan government has granted special exemptions to boost the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline project.

The Cabinet Committee on Energy (CCoE), led by Power and Petroleum Minister Muhammad Ali, has decisively approved several concessions. These include unwavering exemptions from the Open Access Regime, OGRA Gas (Third Party Access) Rules 2018, and the Pakistan Gas Network Code. Furthermore, the Host Government Agreement (HGA) is expected to incorporate a standard waiver of immunity, which aligns with international precedents.

The decision, finalized during a recent CCoE meeting, underscores the government’s commitment to facilitating the TAPI project. The Petroleum Division briefed the committee on the project’s objectives, emphasizing natural gas transportation from Turkmenistan’s Galkynysh and adjacent gas fields to Afghanistan, Pakistan, and India.

Pakistan has taken a strategic step in line with its previous commitment to adopt a consistent legal and regulatory framework for the TAPI project. The Gas Pipeline Framework Agreement (GPFA) signed in 2010 outlined the Host Government Agreements (HGA) between Afghanistan, Pakistan, and the TAPI Pipeline Company Limited (TPCL).

The Pakistan Government is all set to grant TPCL special concessions and permissions under the forthcoming HGA. These concessions will cover crucial aspects such as travel, investment protection, and approval processes. This development marks a vital step forward in the progress of the TAPI Gas Pipeline project, contributing to regional energy security and economic cooperation. For the latest Real Estate News and Blogs, visit Realtorspk blogs.

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