Arab Today, arab today pakistan dismisses rumors about ip gas pipeline
Last Updated : GMT 05:18:07
Arab Today, arab today
Arab Today, arab today

Pakistan dismisses rumors about IP gas pipeline

Arab Today, arab today

Arab Today, arab today Pakistan dismisses rumors about IP gas pipeline

Tehran - Fars

Pakistani Federal Minister for Petroleum Asim Hussain vehemently rejected the rumors that Islamabad is giving a second thought to its participation in the Iran-Pakistan gas pipeline project, and stressed that construction of the pipeline will be complete in two years.\"I don\'t want to give any deadline regarding completion of the pipeline project, but I can assure you (legislators) that it will be done by the end of 2013,\" Asim said, replying to a question during the question-hour session of the Pakistani Senate. He said work on the IP project implementation was already in progress. Pursuant to the clearance by authorities concerned, the Engineering and Project Management (E&PM) consultancy contract with ILF NESPAK JV was already in place. He said the E&PM consultant had already started work on Detailed Route Survey (DRS) and Front End Engineering Design (FEED), to be followed by bankable feasibility, study route reconnaissance, social and environmental impact assessment (SEIA) and supervision etc. The physical construction of the pipeline shall follow the completion of Bankable Feasibility Study. First gas flow was targeted by end of 2014, Dr Asim said. Route Reconnaissance survey (a part of DRS) had been completed at the end of July 2011, while the consultant was currently working on the pipeline design & Engineering (FEED) as well as feasibility study, he added. The estimated project cost of the project is US$ 1.5 billion, however this will be firmed up after completion of Bankable Feasibility study by E&PM consultant. On project financing/ construction, keen interest had been expressed by various major international investors from China, Russia and Middle East, he said, adding that initial communication/ information had been exchanged with interested parties in this regard. Further as programmed in the approved financing strategy by Steering Committee of ECC on gas import projects, the process for engaging a world class Financial Advisor (Equity and Debt arranger) was also in process. He said that EOI for appointment of financial advisor were advertised during July 2011. By cut-off date of August 20, 2011, response had been received by some strong international banking consortiums timeline for appointment process is 3-4 months. He said feasibility of the project was being prepared and tenders for compressors and pipes would be floated in a month. He said the pipeline would be laid along the coastal highway and two compressor stations would also be set up. Electricity and gas would be provided to the areas nearest to the pipeline, he added. To another question, the minister said that talks were also being carried out with Turkmenistan for gas supply and an agreement would be inked on November 15 in this regard.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan dismisses rumors about ip gas pipeline Arab Today, arab today pakistan dismisses rumors about ip gas pipeline

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan dismisses rumors about ip gas pipeline Arab Today, arab today pakistan dismisses rumors about ip gas pipeline

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday