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
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