Iran remains Pakistan’s only hope for gas supply

Iran remains Pakistan’s only hope for gas supply

Iran, Tehran, March 29

By Milad Fashtami - Trend:

Importing gas from Iran is the most reasonable solution for Pakistan to meet its domestic consumption, Managing Director of Iran's Gas Engineering and Development Company Alireza Gharibi said March 29, according to Iran's ILNA News Agency.

"We have so far completed laying 123 kilometers of pipeline on the Iranian soil and just the Iranshahr part is left," he said, adding that a total of 300 kilometers of pipelines is yet to be laid in both sides.

"If Pakistan starts construction of its share, then Iran can start pumping gas to Islamabad by December," he explained.

"In case Islamabad fails to construct its share, we need to use our pipes elsewhere," Gharibi said.

He went on to note that by laying Iran-Pakistan gas pipeline, Tehran is mainly investing to expand its national gas network and only 30 percent of the expenses are related to the exports project.

Iranian Oil Minister Hamidreza Araqi said on February 22 that the Peace Pipeline will be stretched to China through Pakistan, Iran's Mehr News Agency reported.

"Iran also plans to export LNG to China," he explained.

Araqi further pointed out India and Turkey as attractive markets for Iranian gas.

"Iran pursues two scenarios to export natural gas to Europe," he said, explaining that the first proposed route is through Turkey, and the second one through Iraq and Syria.

Pakistan's ambassador to Iran Noor Muhammad Jadmani rejected on February 9 the western media outlets' reports on Islamabad's unwillingness to continue with the Peace Pipeline project, Iran's ISNA News Agency reported.

"Islamabad faces some obstacles in implementing the project, but it feels obliged to finish it," he said. "Iran and Pakistan have deep and close relations, and our goal is to enhance these relations."

Iran rejected Pakistan's request for supplying gas at discount rate in December.

The request was made by Pakistan's Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi during his visit to Tehran.

Reducing the price of the gas to be delivered by the Iran-Pakistan pipeline, as well as extending time for building Pakistan's side of the pipeline, and financing about $500 million by Iran were suggested by Khaqan Abbasi in a meeting with Iranian officials.

He said that Pakistan is committed to building a multi-billion-dollar gas pipeline from neighboring Iran, but the threat of international sanctions makes the task difficult.

Iranian Oil Minister Bijan Namdar Zanganeh had previously said he is not optimistic about Tehran's gas exports to Islamabad.

Associated Press of Pakistan (APP) on November 28 quoted Shahid Khaqan Abbasi as saying that Pakistan will find an opportunity to complete the proposed gas pipeline project within a year.

"I think trade restrictions will be lifted on Iran following agreement between Iran and world powers," he said.

Abbasi said Pakistan has intensified its efforts to realize the Iran-Pakistan gas pipeline project.

The Peace Pipeline project was originally initiated between Iran and Pakistan.

Later India expressed an interest in joining this project.

The Iran-Pakistan gas pipeline is projected to cost $1.2-1.5 billion, and will allow exporting 21.5 million cubic meters of Iranian natural gas to Pakistan on a daily basis.

4.3-magnitude quake jolts Azerbaijan
4.3-magnitude quake jolts Azerbaijan
Detention of Mubariz Mansimov can’t serve SOCAR's commercial interests (UPDATE)
Detention of Mubariz Mansimov can’t serve SOCAR's commercial interests (UPDATE)
Azerbaijan's Parliamentary Committee: Due to changes in oil prices, state taking necessary measures (UPDATE)
Azerbaijan's Parliamentary Committee: Due to changes in oil prices, state taking necessary measures (UPDATE)
Loading Bars
Latest
Turkey's export to BSEC countries from Jan. through Apr. 2020 slips
National Bank of Georgia talks decrease in export of goods
Turkish Petroleum Corporation appeals to ministry to extend license
Turkmenistan launches new project to support startups
Industrial products prices drop in Kazakhstan
Azerbaijan reports 168 new COVID-19 cases
Gas production by Shah Deniz since 2006 disclosed
Cargo transshipment data via Turkey's BOTAS port revealed
Georgia's international reserves up
Uzbekistan eyes setting up national freelancer center
Central Bank: Azerbaijan expects further decrease in inflation
Turkish ministry discloses data on cargo transshipment via Izmir port
Cargo transshipment via Turkish Ambarli port from Jan. through Apr. 2020 disclosed
Data on payment cards issuance in Kazakhstan revealed
Value of insurance fees in Azerbaijani market from Jan. through Apr. 2020 disclosed
Food safety certificates turn to electronic format in Azerbaijan
Azeri-Chirag-Gunashli: BP reveals oil output volume since 1997
Azerbaijan discloses data on payments in insurance market from Jan. through Apr. 2020
Georgia supports people losing jobs amid COVID-19 crisis
Uzbekistan organizes more charter flights to bring citizens back
Kaspersky providing advanced cybersecurity to Azerbaijani companies amid COVID-19
Iran resumes fuel shipment to Venezuela
Dutch bar terraces fill quickly as lockdown ends
Nasdaq postpones Philadelphia trading floor reopening due to protests
Shipping locks overhaul underway in Kazakhstan to minimize accidents risks
Azerbaijani Central Bank discloses volume of restructured loans
Central Bank: Situation in Azerbaijan's financial sector is satisfactory
Iran's Fars Province to increase wheat production
South Korean Samdong plans to create solid waste recycling cluster in Uzbekistan
JP Morgan: Minimal oil production shut-ins to remain in place through September
Restaurants, malls reopen in Georgia
Uzbekistan supports non-governmental medical organizations
Switzerland’s EuroChem Group AG increases ore output in Kazakhstan
Uzbekistan prepares to launch new resort zone
National Statistics Office of Georgia changes unemployment measurement methodology
Fiat ahead of Volkswagen, Renault in sales on Turkey's car market
Azerbaijan's State Oil Fund discloses amount of funds sold at foreign exchange auctions
Azerbaijan Micro-finance Association talks supporting women's entrepreneurship
Turkey-Turkmenistan trade turnover grows
Imports of goods from China to Georgia down
Spring field work completed in some Kazakh regions
Uzbekistan takes additional steps to join World Trade Organization
Bulgaria updates on construction of Balkan Stream
Turkmenistan, Iran review construction of disinfection facilities on border
Cargo transshipment through Turkish Tekirdagh port revealed
One of Uzbekistan's biggest refineries eyes to halt RON-80 fuel production
Kazakhstan reconsiders recommended rates on deposits in national currency
Azerbaijan discloses amount of debts due from liquidated banks
Weekly review of Azerbaijan's precious metals market (May 22-29)
UNDP in Turkmenistan opens tender for lab equipment procurement
Belarus raises export duties for oil, oil products
Azerbaijani PMD Group's major construction project nearing completion
Weekly review of Azerbaijani currency market (May 22-29)
Another company gets geological exploration license in Kazakhstan
Georgian wine export to China declines
Azerbaijan to apply new transport rules for intercity buses
UNICEF Uzbekistan opens tender for development of intranet
Kazakhstan's economy slowdown to significantly weaken banks' asset quality, performance
Iran reveals fuel production by IRGC-owned refineries
Black boxes from crashed Pakistan jet head to France for analysis
Buffett-backed BYD to supply EV batteries to Ford
Right to learn for every child (PHOTO/VIDEO)
Iran's Khatam Al-Anbiya construction headquarters talks its railway projects
Refinery operators need three steps to stay alive amid COVID-19
Iran to implement more control over car sales and production
Iran likely to begin paying loans to businesses
TOP-8 Turkish LPG importing companies disclosed
Turkey's import of LPG from US nearly doubles
UNDP in Turkmenistan to buy chemicals via tender
UNDP in Turkmenistan opens tender for website design
Uzbekistan slows down inflation
New bus terminal to be built in Turkmenistan’s Dashoguz region
Kazakhstan’s KazMunayGas reduces expenditures within anticrisis measures
Iran reveals its COVID-19 data for June 1
Kazakhstan Aviation Industry to launch unmanned aerial vehicles production
Emirates could take four years to resume flying to entire network
OPEC, Russia discuss extending oil cuts for 1-2 months
Britain reopens markets and some schools as lockdown eases
Azerbaijani Bank Respublika's shareholder composition changes (PHOTO)
Georgia's foreign exchange reserves decline
Trade turnover between Turkey, France declines
Baku's industrial production volume from Jan. through Apr. 2020 disclosed
ADB study maps supply chains for key products in COVID-19 response
SOCAR's Turkish subsidiary discloses sales volume
Geostat reveals TOP 10 goods exported from Georgia to Azerbaijan
Videoconference initiated by ADB held between Azerbaijani president and bank’s senior executives PHOTO)
Georgia implements new hotel complex project
Azerbaijan reveals data on Baku's trade turnover for 1Q2020
Uzbekistan holds talks with European media platform to promote its goods
Azerbaijan sees growth in electrical equipment production
Georgian flour producer to export its products to Greece, other Balkan states
Review of data on construction work in Baku from Jan. through Apr. 2020
Food prices in Uzbekistan increase
Petrofac secures new five-well contract
Georgia reports 11 new COVID-19 cases
UNEC admits students on 5 specialty groups
Azerbaijani credit organization discloses data on restructured loans
Kazakh national postal service operator to buy petrol via tender
Kazakhstan Railways opens tender for vehicles repair
Integrated gas chemical complex construction half way through in Kazakhstan
All news