Pakistan postpones lucrative Iranian natural gas deal

Dec 22, 2003 01:00 AM

An informed source with the Ministry of Oil told that Pakistan had postponed buying natural gas from Iran.
Pakistan has recently explored a gas field, which calls it Zamzam field, and this is the reason for putting off a lucrative gas deal with Iran that could help it save about $ 1 bn, the source added.

Earlier, official sources were quoted as saying that Iranian and Pakistani technical experts would meet later this month in Islamabad to discuss details of the multi-billion gas pipeline between Iran and Pakistan, which can be extended to India later. However, sources reported in early Dec. that the Asian Development Bank allocated $ 1.5 mm for the feasibility studies of the 1600 km pipeline to supply Pakistan with long-term energy.
The pipeline would be initiated from Turkmenistan and end up in Pakistan via Afghanistan amid concerns over security guarantee in the war-torn Afghanistan.

The source further said that India is still mulling over Iranian gas contract in two ways, laying a pipeline through Pakistan and buying LNG.
Finalizing the gas deal with India, demands resolve of India-Pakistan long-term dispute, the source concluded.

Source: Tehran Times
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« July 2019 »
July
MoTuWeThFrSaSu
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31

Register to announce Your Event

View All Events