16 April 2009
Advisor to Ministry of Petroleum and Natural Resources Asim Hussain will visit Iran to discuss Iran-Pakistan-India (IPI) gas pipeline project with Iranian leadership, a spokesman of the ministry said on Thursday. Talking to IRNA, Adil Javed said that Pakistan was very keen on the project, as it will open more avenues of peace between Iran and Pakistan.
However, he did not confirm the date of the visit, saying that 'hopefully the visit will be carried out by the end of this month".
He added that senior officials of the Ministry of Petroleum and Natural Resources would assist the advisor during the meetings.
Adil Javed further said that Pakistan cabinet has already approved the import of gas from Iran under the Iran-Pakistan-India pipeline project to tap cheaper energy sources and reduce its oil import bill.
The Iran-Pakistan-India gas pipeline, also known as the Peace Pipeline, is a proposed 2,775-kilometre pipeline to deliver natural gas from Iran to Pakistan and India.
Pakistan will import 2.2 billion cubic feet gas per day from Iran that will be shared by India.
The pipeline will be supplied from the South Pars field. The initial capacity of the pipeline will be 22 bcm of natural gas per annum, which is expected to be raised later to 55 bcm. It is expected to cost $7.5 billion.
The construction is to start in 2009 and the pipeline is expected to be completed in September 2012.
India has agreed to give Pakistan a transit fee of $200 million per year, which is equivalent to $0.60 per million British thermal unit for allowing passage of the pipeline through that country
Advisor to Ministry of Petroleum and Natural Resources Asim Hussain will visit Iran to discuss Iran-Pakistan-India (IPI) gas pipeline project with Iranian leadership, a spokesman of the ministry said on Thursday. Talking to IRNA, Adil Javed said that Pakistan was very keen on the project, as it will open more avenues of peace between Iran and Pakistan.
However, he did not confirm the date of the visit, saying that 'hopefully the visit will be carried out by the end of this month".
He added that senior officials of the Ministry of Petroleum and Natural Resources would assist the advisor during the meetings.
Adil Javed further said that Pakistan cabinet has already approved the import of gas from Iran under the Iran-Pakistan-India pipeline project to tap cheaper energy sources and reduce its oil import bill.
The Iran-Pakistan-India gas pipeline, also known as the Peace Pipeline, is a proposed 2,775-kilometre pipeline to deliver natural gas from Iran to Pakistan and India.
Pakistan will import 2.2 billion cubic feet gas per day from Iran that will be shared by India.
The pipeline will be supplied from the South Pars field. The initial capacity of the pipeline will be 22 bcm of natural gas per annum, which is expected to be raised later to 55 bcm. It is expected to cost $7.5 billion.
The construction is to start in 2009 and the pipeline is expected to be completed in September 2012.
India has agreed to give Pakistan a transit fee of $200 million per year, which is equivalent to $0.60 per million British thermal unit for allowing passage of the pipeline through that country
© IRNA 2009
