Tags: Iran | pakistan | iran | gas | project

Pakistan Accelerates Gas Project With Iran Opposed by US

Wednesday, 11 Dec 2013 02:14 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

ISLAMABAD — Pakistan will push forward with a controversial pipeline to import natural gas from neighboring Iran, Pakistan said Tuesday, a project opposed by the United States.

The pipeline will link Iran's gas fields with energy-starved Pakistan, but by going ahead with the project, Pakistan may incur U.S. and international sanctions imposed on Iran — or anyone doing business with Iran — over that country's nuclear program.

The United States has opposed the project and instead supported an alternative proposal to build a pipeline from the gas fields of Turkmenistan to Afghanistan, Pakistan, and India.

Pakistan's Ministry of Foreign Affairs said in a statement Tuesday that petroleum ministers of the two countries met in Tehran on Monday to discuss the project, which has been beset by repeated delays.

The two countries decided to fast track the pipeline and formulate a road map to work out challenges, the ministry said. However, no details were given on how Pakistan plans to overcome the numerous problems associated with the project, such as funding and the risk of sanctions.

The ministry said experts from both sides would meet soon to accelerate work on the pipeline.

Pakistani officials in the Tehran meeting also reiterated their government's commitment to fulfill its contractual obligation to the pipeline and stressed that the project is of "immense importance" to meeting Pakistan's energy needs.

Islamabad hopes the pipeline will help alleviate the country's energy crisis, especially electricity shortages. Gas is used to fire many of the nation's power plants, but insufficient quantities mean rolling blackouts are common.

The agreement with Iran stipulates that Pakistan must construct its side of the pipeline by December 2014 but the project has met repeated delays. If Pakistan fails to meet this deadline, it will be liable to pay fines that could run into the millions of dollars per day.

Most of the Iranian side of the pipeline is believed to be completed but Pakistan has yet to build the roughly 780 kilometers (500 miles) of pipeline necessary to finish its side of the project. There are serious doubts about how Pakistan could come up with the at least $1.5 billion needed to construct the pipeline.

An Islamabad-based advocacy group Sustainable Development Policy Institute in an October report termed the project a "death sentence" for Pakistan because it said the gas sold will likely be several times more expensive than the domestic gas currently used.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

10 More Bodies Found inside South Korean Ferry

Saturday, 19 Apr 2014 22:05 PM

Divers have recovered 10 more bodies from inside the ferry that sank off South Korea. The confirmed death toll is now 46 . . .

Report: Iran VP Says Row Over Reactor Resolved

Saturday, 19 Apr 2014 11:28 AM

Iranian state television is reporting that the Islamic Republic's vice president is saying a dispute between world power . . .

At Barricades, Ukraine Insurgents Await Easter

Saturday, 19 Apr 2014 10:07 AM

Pro-Russian forces in eastern Ukraine on Saturday prepared to celebrate Orthodox Easter at barricades outside government . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved