“However, we are committed and will make the IP gas pipeline,” Abbasi said, adding that the Iranian side said that they were ready to provide gas to the pipeline, once completed. He said that Iran had laid part of the pipeline by investing $2 billion to transport gas to Pakistan.
He added that the Pakistani side had informed the Iran that US sanctions had affected the IP gas pipeline project and no financier or contractor was ready to participate in the project.
“The compressor equipment required is provided by only two companies, and would not be available due to sanctions against Iran,” he said, adding that the issue would be resolved if US sanctions are lifted. He said that several projects in Iran were also facing sanction threats and some relaxations had been given to Iran.
In limbo: Iran takes back pipeline financing deal – The Express Tribune