| 02 Sep 2009 |
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Iran: Gas Export to Pakistan Slated for 2013
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Iran will start exporting natural gas to Pakistan from 2013, after the neighbors finally agreed on Monday to build a $7.6 billion pipeline.
Construction of the so-called Peace Pipeline, which may be extended to India, will begin next year, IRIB reported, citing negotiations in Islamabad. The link will be able to export 30 million cubic meters of gas a day to Pakistan.
If India joins the project, the pipeline would be longer than 2,500 kilometers (1,550 miles). The project has been delayed more than a decade because of political and security concerns as Pakistan fights Taliban militants in its northwest.
Quoting officials of the petroleum ministry in Islamabad, Online news agency reported that the feasibility report and other technical matters were discussed during the meeting on Monday.
During the talks, the Pakistani delegation was of the view that completion of the project within the quickest possible time was very important for that country as the gas supplied from Iran would help to meet the country's energy needs for the next four years.
Indian Concerns
Iran is keen on India coming on board but New Delhi has expressed concerns on issues relating to security, cost and pricing.
Iran, which has the world's second-largest natural-gas reserves after Russia, is in talks to export gas through the pipeline from its South Pars field, which extends from Qatar's North Field to form the largest known gas deposit in the world.
Tensions between India and Pakistan, which have fought three wars since independence from Britain in 1947, have delayed the project.
Pakistan and Iran have said they will go ahead with the project even if India doesn't participate.
Pakistan--facing an energy crisis--plans to generate 4,600 megawatts of electricity with Iranian natural gas.
While Pakistan has been facing electricity shortage of more than 3,000 megawatts leading to frequent and long blackouts in the country, it has been under pressure from Washington to abandon the deal.
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