Iran-Pakistan Gas Pipeline (IPP) News & Updates.

[FarazUSA]

I love the fact that Pakistan asked Iran to finance our part of the pipeline. Classic...

I am not sure whether we should be happy about this, given if we fail to build our end of the pipeline, we have to pay hefty penalty to Iran for failing to meet contractual obligations after December 2014.

 

[aliijaz89]

The issue is not so much of the US sanctions but also of the absurdly high price of the Iranian gas which we
are not willing to pay for.

no dude, it is about US sanctions, that is why Iran is backing off, this is a fact

 

[A.Rafay]

no it was not the pressure of USA but of local opposition and citizens pressur who do not want important things such as GAS to be on terms of country such as pakistan , which do not have good relations with us, so its utter BS to say that we opted out of it because of USA....

Indians are still open to under sea pipeline from Iran, and waiting for the time till Iranians hope on Pakistani assurance of roaping China in this project to fall flat then they will move to again table that project.

Its utter Bullshyt to say that you opted out because you didn't want Gas on Pakistani terms, the fact is there were no Pakistan terms, it was all agreed and contracts were set in Iran, transit fee was also determined and everything was set until USA pressurized india to leave ip pipeline, india also cut its oil imports from Iran, your country bowed down to US pressure or else US would have tighten your neck and deny you military equipment that you bought recently.

 

[FarazUSA]

no dude, it is about US sanctions, that is why Iran is backing off, this is a fact

Iran is backing off?? Read the reports properly. They have built their side of the pipeline but we haven't even started yet for obvious reasons.

 

[DESERT FIGHTER]

LMAO at indian trolls...

 

[aliijaz89]

Iran is backing off?? Read the reports properly. They have built their side of the pipeline but we haven't even started yet for obvious reasons.

i mean bcz of US pressure on Pakistan, now they (Iran) are looking to back off, although they were willing n they have done their part, Pakistan is under US pressure more than price issues

 

[praveen007]

Its utter Bullshyt to say that you opted out because you didn't want Gas on Pakistani terms, the fact is there were no Pakistan terms, it was all agreed and contracts were set in Iran, transit fee was also determined and everything was set until USA pressurized India to leave ip pipeline, India also cut its oil imports from Iran, your country bowed down to US pressure or else US would have tighten your neck and deny you military equipment that you bought recently.

what ever you believe or not i don't care, i main reason for Indian backing out of this project is the Pakistani factor, and severer pressure of opposition and few of Gov. coalition partners who forced them to opt-out

 

[praveen007]

http://www.cerebralbusiness.com/Oil...4978/1/Iran-Pakistan-India--IPI--Pipeline.htm

Iran-Pakistan-India (IPI) Gas Pipeline Project Status Updates (June 2010) The Iran-Pakistan-India gas pipeline (IPI) or the Peace Pipeline is a proposed trans-national natural gas pipeline project, which is expected to help Pakistan and India meet shortfall of gas for both commercial and domestic purposes. On June 5, 2009, Pakistan and Iran have signed an agreement to activate a bilateral gas pipeline project, without India's participation, after 14 years of negotiations over what was initially framed as the Iran-Pakistan-India (IPI) gas pipeline project. However, as of July 2009, in pursuance of the Government (India) decision of February 9, 2005, the Government is pursuing the IPI Gas Pipeline Project with the governments of Iran and Pakistan. The $7.5 billion pipeline project would be completed by 2013. The agreement for the proposed IPI pipeline project was signed between Pakistan Interstate Gas Company (PIGC) and the Iranian National Oil Company (INOC) in Turkey as the agreement would be governed through a third country law. Under the gas sale purchase agreement, Iran would provide 750 million cubic feet of gas per day to Pakistan for the next 25 years, which would generate 5,000 MW of electricity. The project, when initially mooted in 1994, was intended to carry gas from Iran to Pakistan and on to India, traversing a total length of 2,775 km. New Delhi withdrew from the talks last year over repeated disputes on prices, transit fees and security issues. New Delhi has not yet closed pricing and transit issues with Iran and Pakistan and would not sign a pipeline agreement until its concerns for safe passage of gas through Pakistan is addressed. On the other hand, China has shown interest in joining the project and last year said it would import about 1 billion cubic feet a day from Pakistan if India opted out. The determination of gas price would be linked with oil prices in the international market but will be less than 25 percent as compared to crude oil prices. Power generation and usage of imported Iranian gas by heavy industries would result in annual saving of up to $1 billion in furnace oil imports, if the crude oil prices are at $50 per barrel. On June 29, 2009, Inter State Gas System (ISGS), established to execute IPI and TAPI gas pipeline projects, signed a controversial gas sale-purchase agreement silently in Istanbul. According to the price accord, Pakistan will purchase Iranian gas on various prices; there is not a fixed rate, which clearly extends great leverage and benefit to Iran to procure a high price for its exported gas. Iran will sell its gas to Pakistan for $7 per MMBTU, if the Japanese Crude Cocktail (JCC) price is $50 per barrel, $9.4 per MMBTU and $13 per MMBTU if the JCC price touches $70 and $100 per barrel respectively. The price does not include infrastructure, security and other costs. This rather costly gas will be used for power generation. The imported gas price would be 10 to 20 times more costly than the gas being extracted from Baluchistan and Sindh by the central government. Pakistan Petroleum Limited is currently paying only 63 cents per MMBTU for Baluchistan’s high heating value gas.

 

[A.Rafay]

what ever you believe or not i don't care, i main reason for Indian backing out of this project is the Pakistani factor, and severer pressure of opposition and few of Gov. coalition partners who forced them to opt-out

Your govt was ready for the project, there was no Pakistani factor, all was cleared and then suddenly your country lost interest because of USA pressure and sanctions.
And under sea pipeline is your wet dream! which will never happen.

 

[BATMAN]

Does any one know the price of the gas Zardari negotiated with his god fathers in Iran?

 

[praveen007]

it was

Your govt was ready for the project, there was no Pakistani factor, all was cleared and then suddenly your country lost interest because of USA pressure and sanctions.
And under sea pipeline is your wet dream! which will never happen.

all going good till mumbai happed, and this showed us we can neaver trust Pakistan even in our wetest-worst-dream. so yes its all this non state actors who had forced a good barganing opertunity of pakistan to go weaste...

 

[Chak Bamu]

I am not sure whether we should be happy about this, given if we fail to build our end of the pipeline, we have to pay hefty penalty to Iran for failing to meet contractual obligations after December 2014.

I think Pakistan would ask Iran to help pay that too...
The project has hit a snag no doubt. But it is not dead. Let us see what happens, but one thing is for sure: Pakistan can not afford the price of gas as negotiated. I do not know what would be a bigger penalty, paying for gas or paying a fine for not using the gas at that rate.

I am not too worried. Let us see what happens.

 

[A.Rafay]

it was

all going good till mumbai happed, and this showed us we can neaver trust Pakistan even in our wetest-worst-dream. so yes its all this non state actors who had forced a good barganing opertunity of pakistan to go weaste...

The deal of gas price and transit was given from iranians, you were to buy gas from Iran not Pakistan, this is not any business opportunity for Pakistan. We don't even want india to join the pipeline, but india lost interest due to US pressure, this pipeline was happening with or without india, the only reason was that no bank or international financial Institute was willing to loan or give finances because they don't deal with countries under sanctions (iran).

 

[JanjaWeed]

It was never meant to materialize in the first place anyway. Nothing but a naughty act by Zardari govt during the fag-end of their tenure, left behind as an irritant for the incoming govt.

 

[praveen007]

The deal of gas price and transit was given from Iranians, you were to buy gas from Iran not Pakistan, this is not any business opportunity for Pakistan. We don't even want India to join the pipeline, but India lost interest due to US pressure, this pipeline was happening with or without India, the only reason was that no bank or international financial Institute was willing to loan or give finances because they don't deal with countries under sanctions (Iran).

i hope you do justice to your Title given by this site.... one of the important factor was the high transition price asked by pakistan and their failure in providing safe passage of gas in all circumstances...

do some research then post...