Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi while addressing the media, stated that the project will be jointly funded by Pakistan and China.
Read: China-funded LNG project to turn into Iran-Pakistan gas pipeline: petroleum minister
"Chinese funds will benefit Pakistan and allow it to complete its Iran-Pakistan Gas Pipeline project," Abbasi added.
According to Abbasi, Pakistan has been trying to overcome its energy crisis by importing gas from Iran however, sanctions on Iran had hampered the work on the project.
Read: Good tidings: Iran deal brightens IP gas pipeline prospects
Further stating that Gwadar port being the central hub for China Pakistan Economic Corridor, will allow Western China to gain access to warm waters.
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