'Pakistan to seek Russia's financial help for Iran-Pak gas pipeline project'

   Mar 29, 3:25 pm

Islamabad, Mar 29 (ANI): Pakistan will seek Russia's financial help for the multi-billion dollars Iran-Pakistan Gas Pipeline Project.

The Nation quoted petroleum ministry sources in Pakistan, as saying that a Pakistan team would visit Moscow next week to discuss with Russian gas giant Gazprom prospects of securing funding and technical support for the project.

The move came after Gazprom expressed its interest in the project, saying that it was ready to join the IP gas pipeline project either as the pipeline operator or also participating in its construction.

The pipeline project, when initially mooted in 1994, had proposed to carry gas from Iran to Pakistan and India. But India eventually withdrew from talks over repeated disputes on prices and transit fees. The 900-kilometre (560-mile) pipeline is being built between Asalooyeh in southern Iran and Iranshahr near the border with Pakistan and will carry the gas from Iran's South Pars field.

The project set for completion in June 2014 aims at pumping an initial 11 billion cubic metres of Iranian gas per year to Pakistan.

Pakistan and Iran have stepped up efforts to materialise the project without further delay after pressure from the United States that it might impose gas sanctions on the proposed project in future.

By doing away with the US pressure, Islamabad has stepped up its efforts after the Russian company explicitly shown interest to join the IP gas pipeline project. (ANI)

Swaraj interacts with Nepal's leaders Jul 26, 3:41 pm
Kathmandu, July 26 (ANI): Visiting Indian External Affairs Minister Sushma Swaraj is reportedly busy holding parleys with leaders of various Nepalese political parties.
Full Story
BNP has missed train, will have to wait till next polls: Hasina Jul 26, 3:18 pm
Dhaka, July 26 (ANI): The Bangladesh Nationalist Party (BNP) has missed the "electoral train" this year, and will have to wait till the next polls in 2019 to attempt to get back to power, said Prime Minister and ruling Awami League leader Sheikh Hasina on Saturday.
Full Story
Hillary Clinton says 'tough, arrogant' Putin also capable of 'charm' Jul 26, 3:18 pm
Washington, July 26 (ANI): Hillary Clinton in a recent interview referred to Russian President Vladimir Putin as "tough" and "arrogant" and said that he was also capable of exuding charm.
Full Story
Pak Army denies receiving government orders to take charge of Islamabad: Reports Jul 26, 2:25 pm
New Delhi, July 26 (ANI): The Pakistan Army has reportedly denied receiving any notification or instruction from the Nawaz Sharif Government to maintain law and order in national capital Islamabad for a period of three months from August 1.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY