Pakistan is seeking funds for natgas pipeline

Aug 27, 1999 02:00 AM

The Pakistani federal government is looking for $ 500 mm to construct over 300 miles of a pipeline from Multan to Peshawar to supply imported natural gas.
Over 18,000 horsepower at a new compressor station are required to be installed at Multan for a pipeline ranging from 16-inch to 36-inch diameter between Multan and various centres up to Peshawar according to a study carried out by the SSGPL.
Since the government is not financially capable of carrying out the project, the funds will have to be arranged either from donor agencies such as the World Bank and Asian Development Bank or from the foreign commercial banks.

According to initial estimates, the project is expected to take about 54 months to complete including 18 months for procuring material from abroad and 36 months for construction.
Pakistan has at least four parallel options for the import of natural gas to meet a shortfall of about 2000 mm cfpd, which is to take place by 2002. It required about 5,000 mm cfpd gas in 2002 against domestic availability of 3,000 mm cfpd.

Source: AP via Iinoil
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