Work on Pak-Iran Gas Pipe­line Pro­ject to start soon: Ab­basi

The Pak Banker - - COMPANIES/BOSS -

ISALAM­ABAD: Min­is­ter for Pe­tro­leum and Nat­u­ral Re­sources Shahid Khaqan Ab­basi Fri­day said that work on $2 bil­lion Pak-Iran Gas Pipe­line Pro­ject would be started soon once the in­ter­na­tional sanc­tions on Iran were fully re­moved. Re­spond­ing to var­i­ous ques­tions in the Na­tional As­sem­bly dur­ing ques­tion hour, he said, Pak­istan had lifted its sanc­tions against Iran and as soon as there was clar­ity in sanc­tion at the in­ter­na­tional level work on it would be started. He said the in­ter­na­tional sanc­tions did not al­low the in­ter­na­tional con­trac­tors and fi­nanciers to work on the pro­ject. He said Pak­istan was con­tin­u­ously in touch with govern­ment of Iran and coun­ter­part Ira­nian gas com­pany re­gard­ing de­vel­op­ments on the pro­ject and had also com­pleted de­sign of the pro­ject. He said Pak­istan was im­port­ing LNG from Qatar on low­est prices in Asia, adding that Pak­istan was get­ting the LNG from Qatar at a price of 13.37 per­cent of 90 days brent. He urged the op­po­si­tion to re­frain from spec­u­la­tions and lev­el­ing base­less al­le­ga­tions on this pro­ject of na­tional in­ter­est. He said the govern­ment was ready for de­bate on the is­sue. The Min­is­ter said with the im­port of LNG from Qatar, in­dus­tries would get max­i­mum gas. He said the PakIran Gas Pipe­line Pro­ject had no link with LNG. To an­other ques­tion, he said there was no short and medium term so­lu­tion to our gas prob­lem other than LNG, adding that it was the first con­tract and the govern­ment would ex­e­cute more such con­tracts in fu­ture. The Min­is­ter said that 70 dis­cov­er­ies of oil and gas had been made in the coun­try dur­ing the ten­ure of the present govern­ment. He said that the govern­ment has tripled the ef­forts of oil and gas ex­plo­ration.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.