CCoE approves work on the 80km segment of the IP Gas Pipeline inside Pakistan
The Cabinet Committee on Energy (CCoE) on Friday granted its approval to start construction on an 80-kilometer (KM) pipeline from the Pak-Iran border to Gwadar as part of the IP Gas Pipeline Project.
As per details, a summary of the Petroleum Division regarding IP Gas Pipeline was taken up by the Cabinet Committee on Energy (CCoE) in its session of February 23, 2024.
The CCoE approved the recommendations of the Ministerial Oversight Committee (MOC) for the IP Project constituted by the Prime Minister in September 2023 whereby the Committee recommended to start work on the 80 km segment of the pipeline inside Pakistan i.e. from Pakistan border up till Gwadar in the first phase. The Project will be executed by Inter State Gas Systems (Pvt) Ltd. and will be 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 increasing energy needs of the country.
According to petroleum division, this will not only boost energy security of Pakistan but would enhance confidence of the local industry who would be ensured with the enhanced gas supplies. This will also catalyze the economic activity in the province of Baluchistan and will contribute to the economic progress of Pakistan, said petroleum division.
