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Islamabad: Pakistan Gas Pipeline
To avoid a possible $20 billion fine. Pakistan approved work on the 80-kilometer (49-mile) first phase of the Iran-Pakistan gas pipeline project on Friday.
According to state-run Associated Press of Pakistan, the project was approved by the Cabinet Committee on Energy. Opening the way for construction from the Iranian border to the important port area of Gwadar. In the southwest province of Balochistan.
The project, which will be funded by the Gas Infrastructure Development Cess (GIDC) and is anticipated to cost roughly $158 million, will be executed by the private company Interstate Gas Systems.
Since the US imposed long-standing sanctions against Tehran in 2013. The Iran-Pakistan gas pipeline project has missed multiple deadlines. It was started in 2013. A senior Pakistani Petroleum Ministry official stated in September of last year a Senate committee that, as the long-stalled project’s deadline of 2024 drew near, Islamabad was attempting to bargain with Tehran to avoid a whopping $20 billion in liabilities.
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Islamabad also contacted Washington last year, asking for a resolution to the ongoing crisis, but they got no response.According to state-run Associated Press of Pakistan, the project was approved by the Cabinet Committee on Energy. Opening the way for construction from the Iranian border to the important port area of Gwadar. In the southwest province of Balochistan.
Local media reports state that Pakistani authorities have chosen to reapply to the US for a lifting of sanctions related to the project. Tehran asserts that its portion of the pipeline is finished.
A groundbreaking ceremony was performed in March 2013 close to the port city of Chahbahar, Iran, by then-Presidents Asif Ali Zardari of Pakistan and Mahmoud Ahmadinejad of Iran. At the time, the project Iran Pakistan gas pipeline was anticipated to cost $7.5 billion.
In order to avoid a possible $20 billion fine. Pakistan approved work on the 80-kilometer (49-mile) first phase of the Iran-Pakistan gas pipeline project on Friday.
According to state-run Associated Press of Pakistan, the project was approved by the Cabinet Committee on Energy. Opening the way for construction from the Iranian border to the important port area of Gwadar. In the southwest province of Balochistan.
According to state-run Associated Press of Pakistan, the project was approved by the Cabinet Committee on Energy. Opening the way for construction from the Iranian border to the important port area of Gwadar. In the southwest province of Balochistan.
The project, which will be funded by the Gas Infrastructure Development Cess (GIDC) and is anticipated to cost roughly $158 million, will be executed by the private company Interstate Gas Systems.
Since the US imposed long-standing sanctions against Tehran in 2013. The Iran-Pakistan gas pipeline project has missed multiple deadlines. It was started in 2013. A senior Pakistani Petroleum Ministry official stated in September of last year a Senate committee that, as the long-stalled project’s deadline of 2024 drew near, Islamabad was attempting to bargain with Tehran to avoid a whopping $20 billion in liabilities.
Since the US imposed long-standing sanctions against Tehran in 2013. The Iran-Pakistan gas pipeline project has missed multiple deadlines. It was started in 2013. A senior Pakistani Petroleum Ministry official stated in September of last year a Senate committee that, as the long-stalled project’s deadline of 2024 drew near, Islamabad was attempting to bargain with Tehran to avoid a whopping $20 billion in liabilities. According to state-run Associated Press of Pakistan, the project was approved by the Cabinet Committee on Energy. Opening the way for construction from the Iranian border to the important port area of Gwadar. In the southwest province of Balochistan.
Read our blog: Pakistan’s Role In Global Diplomacy
