February 23, 2024 (MLN): The Cabinet Committee on Energy (CCoE) on Friday approved the commencement of work on the 80 km segment of the pipeline from the Pakistan border up to Gwadar in the first phase, as stated in a press release issued on the same day.
The recommendations regarding the pipeline were provided by the Ministerial Oversight Committee and the project was constituted by the Prime Minister in September 2023.
The Project will be executed by Interstate Gas Systems (Pvt) Ltd. and funded through Gas Infrastructure Development Cess.
All the concerned divisions gave a positive nod to move ahead with the project to ensure gas supplies to the people of Pakistan, thereby addressing the country's increasing energy needs.
This will not only boost the energy security of Pakistan but would enhance the confidence of the local industry which would be ensured with the enhanced gas supplies.
This will also catalyze the economic activity in the province of Baluchistan and contribute to Pakistan's economic progress.
