• 4 minutes China - EU: Xi Says Cooperation Is Mainstream In Their Ties
  • 8 minutes The Mining Industry Has Had It Easy For Far Too Long
  • 11 minutes Lawsuit-Happy Councilor Wants to Take Big Oil to Court
  • 15 minutes U.S. Shale Output may Start Dropping Next Year
  • 3 hours Dutch Populists Shock the EU with Election Victory
  • 46 mins Venezuela Says Russian Troops Land to Service Military Equipment
  • 1 hour Trump to Make Allies Pay More to Host US Bases
  • 9 hours Multi-well Pad Drilling Cost Question
  • 19 hours U.S.-China Trade War Poses Biggest Risk To Global Stability
  • 2 hours Public Companies that attended OPEC "THREAT DINNER" at CERRAWEEK must disclose any risks in their SEC Financial filings.
  • 4 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 2 hours England Running Out of Water?
  • 2 hours Read: OPEC THREATENED TO KILL US SHALE
  • 2 hours Mexico Demands Spain and the Vatican Apologize to Indigenous People for the Spanish Conquest
  • 1 day One Last Warning For The U.S. Shale Patch
  • 1 day European Parliament demands Nord-Stream-ii pipeline to be Stopped
  • 2 days Modular Nuclear Reactors

Iran, Pakistan to Press Forward with Natural Gas Pipeline

Iran's Ambassador to Pakistan Mashallah Shakeri told an Iranian news agency that his nation has already prepared the necessary infrastructure to begin natural gas exports to Pakistan, adding that Tehran is currently waiting for Pakistan side to complete the necessary similar infrastructure for importing 110 million cubic meters of per day of Iranian natural gas.

During the interview Shakeri commented that "Pakistan, too, has done good work. Iran should start supplying gas to Pakistan by 2014 and the Pakistani side is committed to receive it on time. We only need 125 miles of pipeline to reach the Pakistani border and we will be ready for export whenever Pakistan states its preparedness," Iran’s Fars news agency reported.

The throughput for the Iran-Pakistan natural gas pipeline, expected to cost $7.4 billion, will be supplied from Iran’s offshore Persian Gulf South Pars field with an initial capacity of 22 billion cubic meters of natural gas per annum, which is expected to be later raised to 55 billion cubic meters.
 
Iran achieved a major breakthrough on 20 March 2009 on the proposed pipeline when Pakistan’s government approved Iran's proposed pricing formula for natural gas exports to the South Asian nation.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News