The minister further said that the new government will honour the agreement signed by the previous Pakistan People's Party-led government for the multi-billion Iran-Pakistan gas pipeline project as it was a pact signed between two sovereign countries.
Without mentioning the PPP-led government, Abbasi said Pakistan had signed the deal and so the PML-N government would honour it.
However, there are issues like gas pricing and the impact of sanctions imposed by the US and European Union countries, he said.
"I have not been so far briefed on the project. So I am not in a position to talk on this more," he said.
"We have asked the foreign office to let us know about the impact of the sanctions imposed on Iran by the US and EU countries on Pakistan once this project gets completed," Abbasi said.
"I haven't looked into the (Iran-Pakistan pipeline) agreement so far and the gas sales price agreement. However, we need the gas price (on the) lower side but to assess this, I still need to look into the gas sales price agreement under the project."