News
Friday, November 01, 2013Pakistan insists Iran pipeline still possible
ISLAMABAD: Pakistan insisted Thursday it was still keen to press ahead with a troubled pipeline to bring gas from Iran, despite comments by an Iranian minister that he had no hope for its completion.
The $7.5-billion project, aimed at easing Pakistan’s chronic gas and electricity shortages, has drawn threats of US sanctions and run into repeated problems. The Iranian side is almost complete but Pakistan has struggled to find the money to pay for the 780-kilometre section to be built on its side of the border. Earlier this month Islamabad asked Tehran to stump up $2 billion to finish construction. Iranian Oil Minister Bijan Zanganeh said Wednesday there was no hope of exporting gas to Pakistan because the financing was not there.
But his Pakistani counterpart insisted the project would be completed. “There is absolutely no chance to abandon the pipeline project, because we need it,” Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi told a private news channel. A Foreign Ministry spokesman said Pakistan was “committed to all options” to tackle energy shortages, which cause long blackouts in the summer and problems with gas supply in the winter. afp
Courtesy www.dailytimes.com.pk