Iran-Pakistan Gas Pipeline Project Unlikely

October 31st, 2013 by | No Comment |

Iran

The continuous US pressure has finally taken a toll on the Iran-Pakistan Gas Pipeline Project. Until last week, Pakistan, which has delayed the construction of pipeline on its end, had maintained that it is committed to the energy project planned to tackle the energy crisis in the country. No concrete steps have however been taken and it seems that Iran has had enough of it.

 “The contract for supplying gas to Pakistan is likely to be annulled,” Iranian Oil Minister Bijan Namdar Zanganeh told reporters on the sidelines of a gas forum in Tehran on Wednesday.

He did not provide any official details.

Another factor which has resulted in the delay in construction of pipeline on the Pakistani side has been the lack of funds, not to mentions the sanctions in dealing with Iran.

Early this month, Pakistani Petroleum Minister Shahid Khaqan Abbasi had requested Iran to invest $2 billion in the construction of Pakistan’s side of the IP gas pipeline project and the same was reiterated by Ishaq Dar, the Finance Minister of Pakistan, while meeting his Iranian counterpart Ali Tayyebnia in Washington.

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