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US, Pak explore LNG business opportunities

The two sides met in Houston city to explore the possibility of exploration and production

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Press Trust of India Washington
Last Updated : Nov 16 2013 | 10:27 AM IST
A high-powered energy trade delegation from Pakistan to the US, has urged American companies to invest in its country.

The two sides met in Houston city to explore the possibility of exploration and production, and Liquefied Natural Gas business opportunities, the State Department said yesterday.

The Pakistan Minister of Petroleum Shahid Khaqan Abbasi and US Ambassador to Pakistan Richard Olson addressed a gathering of over 100 energy sector representatives and highlighted potential opportunities for American companies in Pakistan, including offshore gas exploration, equipment provision, and LNG supply.

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In his address Abbasi noted the importance of trade not just aid in the bilateral US-Pakistan relationship and urged American companies to invest in Pakistan.

The Houston Mayor's office, which helped organise the reception, highlighted the robust business and trade relationship between Pakistan and Houston (around $275 million annually) and the Houston-Karachi sister city relationship, the State Department said.

The trade mission yesterday made site visits that displayed cutting-edge technology and equipments.

This is the first trade mission organised by the US since the re-launch of the Strategic Dialogue and builds on the US-Pakistan business opportunities conference in Dubai in June, the Department said.

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First Published: Nov 16 2013 | 8:20 AM IST

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