News
Wednesday, March 17, 2010
Pakistan, Iran sign gasline deal
LAHORE: Pakistan and Iran have signed a final operational agreement on the gas pipeline project in Istanbul, Turkey, a private TV channel reported on Tuesday. Petroleum Secretary Kamran Lashari signed the agreement on behalf of the Pakistani government, according to which the project will be completed by 2013. The two countries signed the Heads of Agreement and certain condition precedents to make the Gas Sales Purchase Agreement (GSPA) effective. The signing of these agreements was required for the flow of Iranian gas into Pakistan. The two countries signed the GSPA on the pipeline project on June 5, 2009 in Istanbul. Under the GSPA, Iran will provide 750 million cubic feet of gas to Pakistan per day for the next 25 years, which will generate 4,000 megawatts of electricity. daily times monitor
Courtesy www.dailytimes.com.pk