CSAT 2012: India and Pakistan agree to transit fee formula for Tapi gas pipeline project Shri S. Jaipal Reddy, Minister of Petroleum & Natural Gas held bilateral discussions with Pakistan’s Federal Minister for Petroleum & Natural Resources, Dr. Asim Hussain on various matters relating to bilateral cooperation in the hydrocarbon sector, here today. This was Dr. Hussain’s 2nd visit to India as Minister, the 1st one having been on 28th April, 2011 when the Petroleum Ministers of Turkmenistan, Pakistan, Afghanistan and India had met in New Delhi to attend the 13th Steering Committee Meeting for the TAPI Gas Pipeline Project. Among the issues discussed was the Transit Fee payable to Pakistan by India for the 38 mmscmd of gas envisaged to flow through the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project. This was the 3rd meeting with Pakistan on the issue of Transit Fee but the 1st one at the political level. On the Transit Fee, both sides agreed that...
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