mar 17, 2010 - Pakistan, Iran sign deal on natural gas pipeline
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Pakistan has signed a deal with Iran paving the way for the construction of a much-delayed pipeline pumping Iranian natural gas to the energy-starved South Asian country, officials said on Wednesday.
The pipeline will connect Iran’s South Fars gas field with Pakistan’s southern Baluchistan and Sindh provinces.
Iran has the world’s second-largest gas reserves after Russia. But sanctions by the West, political turmoil and construction delays have slowed its development as an exporter.
Under the deal, 750 million cubic feet of gas will be pumped to Pakistan daily from Iran by mid-2015.
Dubbed the “peace pipeline,” the project has been planned since the 1990s and originally would have extended from Pakistan to its old rival, India.
Under the deal signed on Tuesday, Pakistan is allowed to charge a transit fee if the proposed pipeline is eventually extended to India.
The United States has tried to discourage India and Pakistan from any deal with Iran because of Tehran’s suspected ambitions to build nuclear weapons. Iran denies any such ambitions.
India has invested in civilian nuclear reactors to help fulfill its increasing energy demand. It also signed a landmark civilian nuclear deal with the United States in 2008.
Pakistan has long called for a similar deal from the United States but Washington has been unwilling to make an agreement with its ally, which is battling an al Qaeda-linked Islamist insurgency.
https://uk.reuters.com/article/us-pakistan-iran/pakistan-iran-sign-deal-on-natural-gas-pipeline-idUSTRE62G12C20100317
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