Pakistan, Iran to Amend Gas Agreement

Pakistan, Iran to Amend Gas Agreement

The Pakistani Ministry of Petroleum and Natural Resources is negotiating amendments to the Gas Sale Purchase Agreement (GSPA) with Iran for the early implementation of the much-delayed Iran-Pakistan (IP) gas pipeline project, Business Recorder stated.

The construction work on the 700Km Gwadar-Nawabshah gas pipeline was expected to commerce on the same route of I-P gas pipeline project in collaboration with China. Both countries are to jointly decide on timeline for completion of the projects. This is to take place in forthcoming meetings., reported Dispatch News Desk.

The 56-inch diameter pipeline will initiate from Iranian South Pars gas field and end at Nawabshah, covering a distance of more than 1,900 km. Additionally, a 750mmcfd of gas is to flow in the pipelines which will help generate around 4,000MW of electricity.

The implementation is to be done on the basis of a segmented approach whereby each country will be responsible for construction of the pipeline in their respective territory.


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