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OIL AND GAS
Kabul, Islamabad pursue gas pipeline connections
by Daniel J. Graeber
Islamabad (UPI) Nov 17, 2014


disclaimer: image is for illustration purposes only

Islamabad thanks the leadership in Kabul for putting renewed emphasis behind a multilateral gas pipeline from Turkmenistan, the Pakistani prime minister said.

Representatives from Turkmenistan, Afghanistan, Pakistan and India met last year in Ashgabat, the capital of Turkmenistan, to sign a transaction advisory services agreement. That cleared the way for the Asian Development Bank to look for a consortium to find the money needed to build the $7.8 billion pipeline.

Pakistani Prime Minister Nawaz Sharif met Saturday with visiting Afghan President Ashraf Ghani to discuss regional energy and trade initiatives, including TAPI.

"We reaffirmed our resolve to forge a robust economic partnership - by expanding trade, promoting investment, improving infrastructure, building road and rail links and enhancing energy collaboration," he said.

Pakistan and India would each get 1.3 billion cubic feet of natural gas per day and Afghanistan would get 500 million cubic feet of gas per day from the pipeline from Turkmenistan.

Pakistan's aging infrastructure leaves it short on electricity. Ghani, elected this year to take the place of long-time President Hamid Karzai, said addressing regional underdevelopment would help both countries succeed.

"This outcome owes much to the statesmanship of the new Afghan leadership and would further strengthen Afghanistan's stability and national unity," Pakistan's prime minister said.


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Repsol could start exploring for oil in Canary Island on Tuesday
Madrid (AFP) Nov 17, 2014
Spanish energy firm Repsol will on Tuesday start prospecting for oil in the waters off the Canary Islands if the weather permits, a company spokesman said, despite objections from environmentalists and the local government. The oil exploration vessel which will be used, the Rowan Renaissance, is already at the location where Repsol wants to carry out the first deep water survey, 50 kilometre ... read more


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