Iran Agrees to Finance Iran-Pakistan Gas Pipeline

Pakistan and Iran have agreed to sign a $250 million loan agreement next month for laying Pakistan's portion of the pipeline, The Express Tribune reported Thursday.

Iran has also offered an additional loan of $250 million from its commercial banks for the pipeline. Tehran will also provide material support.

According to sources, Iran will provide a total of $500 million to finance the gas pipeline and the remaining amount will be arranged by Pakistan through collection of gas infrastructure development process, a kind of tax being paid by domestic gas consumers.

Under the project, Iran will supply 750 million cubic feet of gas per day (bcfd) to energy-deficient Pakistan. The volume can be enhanced to 1 bcfd later.

 

 


Natural Gas World welcomes all viewpoints. Should you wish to provide an alternative perspective on the above article, please contact editor@naturalgasworld.com

Kindly note that for external submissions we only lightly edit content for grammar and do not edit externally contributed content. 

POLICY ON COPYRIGHT & REPUBLICATION POLICY

 

https://www.naturalgaseurope.com/natural-gas-world-magazine

We use cookies to ensure that we give you the best experience on our site. If you continue we assume that you understand and accept to receive cookies from this website. Dismiss