Saturday, May 30, 2009

Gas: Iran, Pakistan welcome 'Peace Pipeline'

IRNA -- The Iran-Pakistan gas pipeline project known as 'Peace Pipeline' would help meet growing energy demand in the country, a leading Pakistani gas association said.
"This is a welcoming investment in our collective future and regional peace," the Liquid Petroleum Gas Association of Pakistan (LPGAP) said.

Pakistan has recently signed the Gas Sale Purchase Agreement (GSPA) with Iran to import Iranian Natural gas for domestic consumption.

The deal was signed during President Asif Ali Zardari's recent visit to Iran where he went to attend tripartite summit of Pakistan, Afghanistan and Iran on elimination of terrorism, drug and human trafficking.

It is expected that natural gas imported from Iran will be exclusively used to generate 5000 megawatts of electricity in the country.

The country badly needs 8 to 10 billion cubic feet of gas per day while the total supply is only four billion cubic feet.

Under the gas deal, about 750 million cubic feet of gas per day would be transferred to Pakistan through 2100 kilometer long pipeline. Out of which, some 1100KM line would be laid in Iran's territory and 1000 km in Pakistan.

Published by Mike Hitchen, Mike Hitchen Consulting
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