Federal Minister for Petroleum and Natural
Resources, Shahid Khaqan Abbasi, will be delivering the keynote address at the forthcoming
8TH Pakistan Energy Forum 2016 being organized by SHAMROCK
Conferences International (www.shamrockconferences.net) on
Feb 25, 2016 at the Marriott Hotel, Islamabad.
The theme of the conference is “Impact of
Large Scale Trans-National Ventures” highlighting the CPEC (China
Pakistan Economic Corridor), TAPI (Turkmenistan, Afghanistan, Pakistan
& India) Gas pipeline, IP-GAS (Iran-Pakistan gas pipeline) and the Pak-Qatar
LNG deal, respectively. Experts will dilate and determine how strategic
decisions in this sector will pave the way to meet energy demand and drive
economic prosperity.
The conference will feature three interactive
sessions, namely “Strategy and Sustainability amidst Falling Global Prices” with
speakers from MOL Pakistan Oil & Gas Co B.V.; Bakri Petroleum and Sui
Southern Gas Company (SSGC); the second session “An Integrated Approach to
determine Pakistan’s Energy Mix” with presenters from Sindh Energy Dept.,
Balochistan Economic Forum, KP Oil & Gas Company and the Punjab Energy
dept. The third session “Investment and Technology for Alternative Options” will
feature speakers from Quaid-e-Azam Solar Park, Reon Energy and FFC Jhimpir Wind
Power.
Being organized for the eighth consecutive time,
the conference has made a mark as one of the premier events in the federal
capital focusing on the challenges of the energy sector.
Menin Rodrigues, Chairman of SHAMROCK
Conferences International and the Convener of the conference said, “Our
objective is to bring together all key stake holders to address the critical
aspects of the energy issues in Pakistan so that the debate can convert into
favorable outcomes. In the current circumstances and with many mega projects in
the offing, it won’t be long before our country achieves self-sufficiency, our
production lines become operative and our people have access to affordable
electricity.”
A consultative group comprising of eminent
practitioners from the energy sector has envisaged focus on an integrated
approach and private sector investment from China to spur economic uplift in
the country, as Pakistan embarks on an ambitious energy infrastructure worth
billions of dollars of investment from Chinese companies.
Dr. Gulfaraz Ahmed,
former Secretary Petroleum says, “CPEC brings US$46 Billion investment into
Pakistan’s energy and infrastructure sectors promising an historical
opportunity of economic uplift, whereas TAPI is a landmark energy project that
on completion will reduce gas supply gap and serve as a win-win project for all
the countries.”
Another former secretary Mr. M. Abdullah Yusuf
noted, “Pakistan being the sixth largest populous country in the world demands
higher energy inputs, therefore, all eyes are set towards the forthcoming
private sector investment from China particularly, which would certainly
address the basic issues.”
Chairman of Hascol Group, Mr. Mumtaz Hasan
Khan, was of the view, “Pakistan is blessed with abundant natural resources
like gas, coal, solar and wind power and as such an integrated approach would
help to maximize our indigenous resource so as to reduce foreign exchange
expenditures and also provide job opportunities.”
The annual conclave of key stakeholders is
expected to attract several investor groups from countries who have desired to
assist Pakistan with its pressing energy needs. The concerned ministries,
regulatory bodies, exploration and production sector, power producing and
distribution companies, oil marketing companies and organizations engaged in
renewable resources, solar, wind and coal will also be featured at the forum.
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