Pakistan, Iran talks to revive $7.6b IP gas pipe line

[Pakistani shaheens]

Pakistan, Iran talks to revive $7.6b IP gas pipeline project
Reported by: `Customs Today Report October 28, 2014


ISLAMABAD: A Pakistani delegation has arrived in Tehran to revive $7.6 billion Iran-Pakistan gas pipeline project.

The delegation, headed by Oil Minister Shahid Khaqan Abbasi, will hold talks with Iranian authorities on new proposals to continue the project. Inter-State Gas Systems Managing Director Mubeen Saulat is also part of the delegation.

Khaqan Abbasi is scheduled to meet with his Iranian counterpart Bijan Namdar Zanganeh to underline the need for increasing the trade transactions volume and enhancing ties between the two countries’ trade ministries and their interior ministries as well. They will also talk to increase the security of the borders to halt drug trafficking, illegal trespassing and activities of the terrorist groups.

Iran and Pakistan signed a pact on the construction of a gas pipeline in 1995. Later, Iran made a proposal to extend the pipeline from Pakistan into India. In February 1999, an agreement between Iran and India was also signed.

According to the agreement, Pakistan was to commission the project on December 2014 but was unable to start construction work on its portion of the pipeline due to threats of US sanctions. Iran has already built its 900-kilometer share of the pipeline on its own soil and is waiting for the 700-kilometer Pakistani side of the pipeline to be built.

As per the second proposal, Pakistan will offer an alternative plan of gas import by converting natural gas into Liquid Natural Gas (LNG). Under this plan, Iran would convert natural gas into LNG and then export it to Pakistan by using the terminal facility of Oman which has already signed a deal with Iran for the purchase of around $60 billion worth of natural gas over the next 25 years.

Pakistan, Iran talks to revive $7.6b IP gas pipeline project | Customs Today

 

[Gautam]

We get "IP Pipeline Thread" every week. It seems this project was first approved by Mohammed Bin Qasim in the 7th century. Then it was kept on getting approved on weekly basis.

 

[raazh]

As much as I would like to see this project completed; one phone call from KSA or USA will make our gutless and characterless leaders to bend over and fall asleep.

 

[IPL5]

We get "IP Pipeline Thread" every week. It seems this project was first approved by Mohammed Bin Qasim in the 7th century. Then it was kept on getting approved on weekly basis.

na bro.. it is not older than our mmcra.

 

[Brickwall]

On off on off... i am hearing this all the time.Please anyone clarify last time we got news iran cancelled the project,now how come pakistan is visiting the iran for talks.

 

[Abu Zolfiqar]

constant price issues, sanctions fears by banks, and Iran's own domestic gas shortages....all reasons why it seems to be a pipe-dream so far

We get "IP Pipeline Thread" every week. It seems this project was first approved by Mohammed Bin Qasim in the 7th century. Then it was kept on getting approved on weekly basis.

i dont often agree with indians, but cant really argue there!

On off on off... i am hearing this all the time.Please anyone clarify last time we got news iran cancelled the project,now how come pakistan is visiting the iran for talks.

Iranian would win regardless....unless millions US$ worth of penalties (if Pakistan doesnt complete its end of pipeline construction by Dec. 2014) are waived

clever Iranians

 

[farhan_9909]

na bro.. it is not older than our mmcra.

Pehli baar koi sahi baat ki hai