Business

Iran-Pakistan Gas Pipeline: Govt plans to review project

The petroleum division was planning to negotiate amendment in the GSPA with Iran

APP June 02, 2018

PNCR aims to finalise all outstanding issues, especially in the wake of international sanctions on the commodity supplier PHOTO: EXPRESS

ISLAMABAD: The Petroleum and Natural Resources Division has planned to review implementation on Iran-Pakistan gas pipeline project with its Iranian counterpart. It aims to finalise all outstanding issues, especially in the wake of international sanctions on the commodity supplier.“In the next fiscal year, the division will review the implementation on IP project in consultation with the Iranian counterpart to discuss and finalise all outstanding issues including amendments in the Gas Sale Purchase Agreement (GSPA) for preparing revised implementation framework for completion of the project,” official sources told APP.

They said the petroleum division was planning to negotiate amendment in the GSPA with Iran to execute the much-delayed gas pipeline project.

Published in The Express Tribune, June 2^nd, 2018.

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COMMENTS (1)

cautious | 6 years ago | Reply What are the terms of the existing agreement - those has never been adequately disclosed. We have been told is that there are penalties associated with not building the pipeline and I would like to know the total liability Pakistan has incurred to date as a result of entering into an agreement despite knowing that sanctions would severely limit our ability to obtain financing for the project. PPP signed this agreement in the last days of power and we don't want another temporary govt signing a new secret deal.

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