ISLAMABAD: In an apparent bid to expedite work on the Iran-Pakistan (IP) gas pipeline project, a group meeting of the two sides will be held today (Monday) to review the progress on the project.
A special Iranian team would participate in the two-day coordination meeting on the IP gas pipeline project that would commence in the federal capital. The joint working group comprises experts from technical, legal, financial and commercial sectors who will work out details with respect to the implementation of the mega project.
Sources said that these negotiations were crucial because if both sides were to reach an agreement during these talks, Iran would also offer to provide material for the project. Earlier, Iran committed to providing $250 million for the project through its commercial banks.
Engineering design of the project has been completed by a German firm who has given an estimated cost of the project. However, sources informed that this cost may also be reduced if local companies were encouraged to participate in the project.
The IP project would facilitate the import of 700 mmcfd gas every day through 2,100 km of pipeline and is expected to help curb the current energy crisis in the country.
Published in The Express Tribune, August 27th, 2012.