June 25, 2021: A meeting of the Cabinet Committee on Energy (CCOE) was held under the Chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar here in Islamabad on Thursday.
Petroleum Division presented the final report of the Committee constituted by CCoE, under the Deputy Chairman Planning Commission to make recommendations for a sustainable LPG supply chain. The CCoE was informed that extensive consultations had been made with all stakeholders before the finalization of the recommendations.
The CCoE appreciated the work done by the Committee under Deputy Chairman Planning Commission. CCoE directed to Petroleum Division that all the Ministries / Division must give comments within two weeks so that final decision on policy can be taken. Chairman CCoE said that it should be the aim of the policy to create a competitive marketplace. He also asked Petroleum Division to make an assessment of the expected outcomes of the policy recommendations.
Petroleum Division also updated Cabinet Committee on Energy on North-South Gas Pipeline Project, now called Pakistan-Stream Gas Pipeline Project (PSGP). CCoE noted the progress and directed Petroleum Division to expedite actions to ensure that the project is undertaken as per the already specified timeline.
CCoE also took up the proposal of the Petroleum Division for curtailment of gas supplies in the event of Dry Docking of FSRU of Engro Elengy Terminal. CCoE observed that the guidelines in this regard are already available under ECC decisions, which should be adhered to.
The meeting was attended by Minister for Energy, Minister for Maritime Affairs, Minister for Railways, Minister for Interior, Minister for Science & Technology, SAPM on Power, Petroleum & Revenue and Advisor for Commerce and Investment to PM. Representatives of regulatory authorities and officials of Provincial Governments also participated in the meeting.
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