Pakistan seeks increase in Iran gas import

A senior Iranian official says Pakistan has sought increase in the volume of gas to be imported through the peace pipeline.

Managing Director of National Iranian Gas Company (NIGC) Javad Oji said that Iran plans to export 21 million cubic meters gas per day initially to Pakistan via the peace pipeline.

Pakistan favors increasing the ceiling of mutual contract to 30 million cubic meters per day, he told Iran’s official IRNA news agency on the sidelines of the groundbreaking ceremony in Iran on Monday.

He said necessary predictions have been made for export of 60 million cubic meters Iranian gas to Pakistan through the peace pipeline.

“So, their request to increase the volume of the gas exports to 30 million cubic meters from the current 21 million cubic meters will be studied.”

The official said Iran-Pakistan gas line is continuation of the 7th pipeline originating from Assalouyeh.

He said the first phase of the 7th gas line, starting from Assalouyeh to Iranshahr in Sistan-Baluchestan Province in an area of 900 kilometers, has been completed and people in the province are now benefiting from it.

Oji pointed out that 80 kms out of the 320 kms pipeline, which lies in Iranian territory, has been completed.

He noted that 780 kms of the pipeline lies in Pakistani territory, costing two billion dollars to be implemented out of this $500 million of the piping cost has been financed by Iranian banks and companies, he added.

He said that the project is commissioned fully by Iranian experts, adding that Iran can serve as sustainable supplier of energy to the neighbors as it has huge energy reserves.

Officials say that the project will be completed in 15 months.

Short URL: https://www.newspakistan.pk/?p=38940

Posted by Tahir Khan on Mar 12 2013. Filed under Business, Latest News, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.