ajpirzada
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Saturday, June 13, 2009
By Khalid Mustafa
ISLAMABAD: The United States and one Muslim country of the Middle East are exerting immense pressure on Pakistan to cancel the recently- signed gas deal with Iran. Some US officials spent almost half the day on Wednesday in the Ministry of Petroleum and Natural Resources to discuss the Iran deal.
US authorities are reportedly trying to prevail upon the petroleum ministry bosses to part company with Iran, describing Iran as an unreliable partner who could ditch Pakistan anytime, according to one source.
India also faced pressure from the US on joining the project. India has apparently abandoned the project for purely strategic reasons and also because its cushy civil nuclear deal with Washington ultimately promises to eliminate its power deficit.
Source revealed a Muslim country was also exerting pressure on Islamabad, though for purely commercial concerns, as it apprehends the export of its fuel to Pakistan, which was being used in the countrys thermal powerhouses for electricity generation, will become negligible with the Iranian gas replacing furnace oil.
Talking to The News, Adviser on Petroleum Dr Asim Husain refused to offer any comment on the identity of the two countries but conceded tremendous pressure on cancelling the deal. He declared: We will materialise the deal in any case as the country desperately needs energy security to maintain economic growth in future.
He added: All this gas will be used for power generation of 5,000 MW in thermal powerhouses and replace the furnace oil as an input. This would provide 20 to 23 per cent financial benefit to the power sector as the furnace oil prices are significantly higher than the price of the gas to be imported from Iran.
He added that Pakistan and Qatar would negotiate a deal on LNG (Liquefied Natural Gas) on June 25-26. Pakistan would seek 3.5 metric tonnes per day LNG from Qatar and try to close the LNG deal. In dollar terms the LNG price would be higher than the Iranian gas price
US, Muslim country pressing Pakistan
By Khalid Mustafa
ISLAMABAD: The United States and one Muslim country of the Middle East are exerting immense pressure on Pakistan to cancel the recently- signed gas deal with Iran. Some US officials spent almost half the day on Wednesday in the Ministry of Petroleum and Natural Resources to discuss the Iran deal.
US authorities are reportedly trying to prevail upon the petroleum ministry bosses to part company with Iran, describing Iran as an unreliable partner who could ditch Pakistan anytime, according to one source.
India also faced pressure from the US on joining the project. India has apparently abandoned the project for purely strategic reasons and also because its cushy civil nuclear deal with Washington ultimately promises to eliminate its power deficit.
Source revealed a Muslim country was also exerting pressure on Islamabad, though for purely commercial concerns, as it apprehends the export of its fuel to Pakistan, which was being used in the countrys thermal powerhouses for electricity generation, will become negligible with the Iranian gas replacing furnace oil.
Talking to The News, Adviser on Petroleum Dr Asim Husain refused to offer any comment on the identity of the two countries but conceded tremendous pressure on cancelling the deal. He declared: We will materialise the deal in any case as the country desperately needs energy security to maintain economic growth in future.
He added: All this gas will be used for power generation of 5,000 MW in thermal powerhouses and replace the furnace oil as an input. This would provide 20 to 23 per cent financial benefit to the power sector as the furnace oil prices are significantly higher than the price of the gas to be imported from Iran.
He added that Pakistan and Qatar would negotiate a deal on LNG (Liquefied Natural Gas) on June 25-26. Pakistan would seek 3.5 metric tonnes per day LNG from Qatar and try to close the LNG deal. In dollar terms the LNG price would be higher than the Iranian gas price
US, Muslim country pressing Pakistan