• Friday, November 24, 2017

Iran wants Pakistan to revive gas pipeline project

Discussion in 'Strategic & Foreign Affairs' started by skyshadow, Oct 25, 2017.

  1. skyshadow

    skyshadow FULL MEMBER

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    Iran wants Pakistan to revive gas pipeline project

    [​IMG]
    Seeks to hold talks on the challenges that have delayed the project
    By ZAFAR BHUTTA
    Oct.25,2017



    ISLAMABAD: Iran has written a letter to Pakistan in a fresh bid to push ahead with the long stalled gas pipeline project following persistent pressure from Saudi Arabia and unilateral sanctions imposed by the United States.

    “The Iranian government has written a letter, seeking to hold talks on issues that have caused delay in executing the project,” said a senior government official while talking to The Express Tribune.

    Earlier, Pakistan had pressed Iran to renegotiate and reduce the price for gas supply keeping in view the cheaper imports of liquefied natural gas (LNG) from Qatar.

    “Iran is bound under an agreement to cut the gas price if Pakistan is able to import energy at lower prices from other sources,” the official said while citing the 15-year LNG deal with Qatar.

    Iranian gas can be ‘indispensable’ to CPEC

    Pakistan also voices fear that it will not be able to secure funds from international financial institutions for building the pipeline due to the US sanctions for Tehran’s alleged nuclear programme, a claim which Iran forcefully rejects.

    In the meantime, Saudi Arabia has ramped up pressure to prevent Pakistan from expanding ties with Iran. Apparently in the wake of this, Pakistan has shelved the Gwadar LNG pipeline project, which was planned to serve as an alternative to the Iran-Pakistan gas pipeline.

    The Cabinet Committee on Energy, then headed by former prime minister Nawaz Sharif, had shelved the LNG pipeline project, blaming its growing cost estimated at $2.3 billion. However, according to officials, the cost included $600 million in duties and taxes as revenues for the government.

    Now, the government is likely to revive the stalled Gwadar pipeline project because of its huge strategic importance in respect of diversification of fuel supplies and protection from international sanctions.

    Prime Minister Shahid Khaqan Abbasi, who was earlier the minister of petroleum, has signalled that the project will be taken up for review because of its strategic significance.

    Under the plan, an LNG terminal will be set up at Gwadar Port for handling and processing gas imports, which will give a boost to economic activities at the seashore.

    Pakistan was required to lay the Iran-Pakistan gas pipeline by December 2014, but international sanctions on Tehran barred Islamabad from pressing on with the plan. The Gwadar LNG pipeline will be eventually extended to the Iranian border if all restrictions are lifted.

    China-funded LNG project to turn into Iran-Pakistan gas pipeline: petroleum minister

    Officials insist that the project is feasible even in the absence of Iranian gas flows as it will have an LNG terminal at the deep-sea port of Gwadar where two LNG ships can be berthed at a time.

    They described the Gwadar pipeline as very important, which will serve as the right of way for the Gwadar-Nawabshah gas pipeline. All necessary approvals are in place for the pipeline including the issuance of a notification under Section 4 of the Land Acquisition Act 1894.

    The route is the same as for the Iran-Pakistan pipeline finalised after a comprehensive front-end engineering design and feasibility study by an international engineering consultant. It will be extremely difficult to win approval for the route once it is abandoned.

    Published in The Express Tribune, October 25th, 2017.

     
    Last edited by a moderator: Oct 26, 2017
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  2. Tickler

    Tickler FULL MEMBER

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    If the price is right, i think this would be a good decision. Forgot about getting sanctioned from US. Under Trump's leadership, US is a laughing stock of the world.
     
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  3. skyshadow

    skyshadow FULL MEMBER

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    I really hope that they achieve a good deal. I believe that Iran and Pakistan will come to a conclusion.
     
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  4. rohailmalhi

    rohailmalhi FULL MEMBER

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    It should be revived , it will give us more opportunities to deal with Iranians in other fields as well.
    This will diversify our sources of energy. We should also look in to importing cheaper Electricity for Gwadar Free Trade Zone from Iran .
    It will benefits us both in short as well in long terms.
     
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  5. khail007

    khail007 FULL MEMBER

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    We are delaying it for so long (may be US pressure or fear of sanctions).
    If the terms and conditions are good for both, it should not be delayed anymore. We already ruined our industries and economy under US pressure.
     
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  6. El Sidd

    El Sidd ELITE MEMBER

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    Everyone wants to give us gas. Lol
     
  7. Sinnerman108

    Sinnerman108 SENIOR MEMBER

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    Should this happen, YES very much.

    and IF this happens, that means that Iran and Pakistan have formerly broken all hope and lines with the US.

    Until such time, US will NEVER EVER allow such a thing to happen
     
  8. skyshadow

    skyshadow FULL MEMBER

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    Iran is always on the rise and we have to get the hands of our Pakistani brothers we will find a way to do this deal. In Islam, nothing is more important than paying attention to your neighbor.
     
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  9. Dexon

    Dexon FULL MEMBER

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    This project can be finish very quickly. because Iran side pipeline has been completed, it only needs Pakistan's decision ...
     
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  10. hussain0216

    hussain0216 BANNED

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    The U.S even with a goof in charge is trouble...

    However we need to ignore and look out for ourselves
     
  11. Raghfarm007

    Raghfarm007 FULL MEMBER

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    Pakistan hasnt been paying for its electricity imports from Iran.... where are they gonna get money to pay for gas?

    Never deal with poor people is the first rule of business.
     
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  12. lastofthepatriots

    lastofthepatriots BANNED

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    We have good plastic surgeons. We can pay in rhinoplasty operations.
     
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  13. LoveIcon

    LoveIcon ELITE MEMBER

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    We should have completed project of LNG Terminal at Gawadar and linking it with main supply lines of Pakistan by now. In that way we would have completed 90% of work.
     
  14. Thəorətic Muslim

    Thəorətic Muslim SENIOR MEMBER

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    US sanction isn't much of an issue.

    It's big daddy Saudi Arabia.
     
  15. 925boy

    925boy FULL MEMBER

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    Pakistan is a HUGE market....with poor energy supplies, so offcourse. you're "attractive".
    lol
     
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