ISLAMABAD: Ministry of Petroleum and Natural Resources is hopeful that work to lay pipeline on Pakistani side for Iran-Pakistan Gas Pipeline Project would start soon after lifting of international sanctions.
The ministry is hopeful that in the wake of removal of international sanctions on Iran it will agree to Pakistan’s proposal to finalise a workable implementation schedule, official sources in Ministry of Petroleum and Natural Resources said Thursday.
They said that Pakistan was committed to execution of the project and practical work was expected to start soon following clarity on the sanctions. Pakistan is working on a strategy to achieve successful completion of the project, they said.
The sources informed that international contractors and financiers were unable to initiate work on the project due to the sanctions. They said Pakistan was continuously in touch with the government of Iran and counterpart Iranian gas company regarding development on the project and had also completed design of the project.
Answering a question they said Foreign office was currently evaluating latest developments and the ministry was expecting its guidelines to move forward for execution of the project. They said the Iranian side had already been requested to revise the timelines for the completion of the project through amendment in the Gas Sales and Purchase Agreement (GSPA).A draft of such amendment has been shared with Iran in early 2015. Pakistan side is awaiting agreement on the draft amendment in the GSPA to start work on the project, they said.
The 56 inch diameter pipeline will initiate from South Parsgas field Iran and end at Nawabshah covering a distance of around1 931 kilometer.The implementation was to be done on the basis of a segmented approach whereby each country will be responsible for construction of pipeline in the respective territory.
http://www.thenews.com.pk/print/102778-Work-on-Pak-Iran-gas-pipeline-project-to-start-soon
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