Arab Today, arab today 75bn iranpakistan gas pipeline could get goahead
Last Updated : GMT 09:39:00
Arab Today, arab today
Arab Today, arab today

US threatens more sanctions ahead of March deal

$7.5bn Iran-Pakistan gas pipeline could get go-ahead

Arab Today, arab today

Arab Today, arab today $7.5bn Iran-Pakistan gas pipeline could get go-ahead

Iran has promised Pakistan a $500m loan to fund the project
Islamabad - Arabstoday

Iran has promised Pakistan a $500m loan to fund the project A consortium will start work next week on a much delayed $7.5bn gas pipeline from Pakistan to Iran despite American warnings of possible sanctions, Pakistani officials said on Friday.
The date was announced after Pakistani President Asif Ali Zardari held talks in Tehran with Iranian counterpart Mahmoud Ahmadinejad and supreme leader Ayatollah Ali Khamenei, who urged Islamabad to press ahead with the project.
"The groundbreaking is going to be performed on March 11 on the Pakistani side of border and we hope that the presidents of the two countries will be present on the occasion," a senior Pakistani official told AFP, requesting anonymity.
He said the ceremony would mark the start of work by an Iranian-Pakistani consortium on the 780-kilometre pipeline earmarked for the Pakistani side of the border, which is said to cost some $1.5bn.
A second Pakistani official also confirmed March 11 as the start date.
Although the pipeline on the Iranian side has almost been completed, Pakistan has run into repeated difficulties, both in financing the project and over a US threat of possible sanctions due to Iran's nuclear activities.
Sanctions-hit Iran eventually agreed to finance a third of the costs of laying the pipeline through Pakistani territory to Nawabshah, north of Karachi, with the work to be carried out by an Iranian company.
Pakistani officials said in mid-December that Iran had promised a $500m loan and that Islamabad would meet the rest of the cost.
"The government has assured us that they will arrange this money through different sources including international financial institutions," a Pakistani official told AFP on Friday.
Pakistan suffers from a crushing energy crisis, but the United States says it is providing Islamabad with alternative means to help avoid sanctions.
"It's in their best interests to avoid any sanctionable activity, and we think that we provide and are providing...a better way to meet their energy needs," State Department deputy acting spokesman Patrick Ventrell said on Wednesday.
Ventrell said the United States was supporting large-scale energy projects, including one that will add 900 megawatts to the power grid by 2013, which would help supply electricity to an estimated two million Pakistanis.
But Islamabad says it will pursue the gas pipeline project regardless and that it plans to produce 20 percent of its electricity from Iranian gas.
The country's energy crisis was most recently illustrated by a more than two-hour, nationwide blackout last Sunday.
The HUBCO plant in southwestern Baluchistan province, which generates 1,200 megawatts of electricity a day, developed a technical fault, prompting a "cascading effect" which caused plants across the country to shut down.
Iran has the second largest gas reserves in the world, but has been strangled by a Western oil embargo that has seen its crude exports halve in the past year.
It currently produces around 600 million cubic metres a day, almost all of which is consumed domestically due to lack of exports means. Its only foreign client is Turkey, which buys about 30 million cubic metres of gas a day.
There is considerable support in Pakistan for the Iranian pipeline.
"On Pakistan's end, the power crisis is such that urgent solutions are needed," wrote daily The News in an editorial on Friday.
"It is going to be difficult and painful but our foreign policy needs to evolve in a regional context and if in the short-to-medium term that gives Uncle Sam a headache then so be it."

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 75bn iranpakistan gas pipeline could get goahead Arab Today, arab today 75bn iranpakistan gas pipeline could get goahead

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
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 Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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