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  • China to build two RLNG terminals at Gwadar
    08-Nov-2016

    ISLAMABAD: In a major development, Pakistan has managed to get the two RLNG terminals deal at Gwadar done with China. With the change of the mode from built, own, operate and transfer (Boot) to engineering procurement construction-financing (EPC-F), the country will be exposed to a mammoth saving of one billion dollars in 25 years just in the head of tolling fee.   The RLNG terminals w ...
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  • TAPI gas pipeline consortium plans roadshows in November
    15-Oct-2016

    ISLAMABAD: A long-delayed pipeline project from Turkmenistan to Pakistan and India via Afghanistan is in the final stages of financing, and investor roadshows are due to be held next month, a Pakistani official involved in the project said on Friday.   Originating at the giant Galkynysh gas field in Turkmenistan, the $10 billion TAPI (Turkmenistan, Afghanistan, Pakistan and India) pipe ...
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  • TAPI gas pipeline consortium plans investor roadshows in November
    14-Oct-2016

    A long-delayed pipeline project from Turkmenistan to Pakistan and India via Afghanistan is in the final stages of financing, and investor roadshows are due to be held next month, a Pakistani official said on Friday.   Head of Pakistan's state-owned Inter State Gas Systems (ISGS) Mobin Saulat told Reuters there was “significant progress” with the TAPI project and that in ...
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  • Management consultants for TAPI being shortlisted today
    27-Aug-2016

    Islamabad - The partner countries of Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project are meeting today (Saturday) in United Arab Emirates (UAE), which is also the main office of project, to shortlist the companies for the project management consultants, it was learnt reliably here.   The Interstate Gas System (ISGS) has received offer for the execution of Afghanistan po ...
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  • Pakistani gas company set to emerge as key player on world energy map
    14-Aug-2016

    ISLAMABAD: Inter State Gas Systems (ISGS), a company established by the government to work on gas import projects, is striving to secure energy resources to make Pakistan self-sufficient and it is expected to emerge as a key player on the world’s energy map after regional pipeline projects are executed. Pakistan is eyeing gas imports from countries holding vast deposits and has en ...
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Iran-Pakistan Gas Pipeline Project-Pakistan and Iran Signed Heads of Agreement (HOA) and Operations Agreement (OA) on 16th March 2010

Pakistan and Iran signed HOA and OA for Iran-Pakistan Gas Pipeline Project on 16th March 2010 in Turkey. The agreements are signed by Interstate Gas Systems (ISGS) from Pakistan side while from Iranian side the National Iranian Oil Company (NIOC) is the counter Party. Pakistan delegation headed by Secretary Ministry of Petroleum and Natural Resources included Managing Director ISGS, GM(Finance & Commercial)/CFO and Manager (Legal) ISGS.

Earlier the Presidents of both the countries signed an Inter Governmental Framework Declaration (IGFD) on 24th May 2009. Subsequently, ISGS and NIOC signed a Gas Sales & Purchase Agreement (GSPA) on 5th of June 2009.

The GSPA is for a supply of 30 million cubic meters of natural gas per day (MMcmd) for duration of 25 years. As per the current implementation plan, first gas flow shall be available by end of 2014