Islamabad has reiterated its determination to go on with the implementation of the multi-million-dollar Iran-Pakistan gas pipeline project.

Pakistan and Iran have made a “lot of progress” on the project, The Express Tribune quoted the Inter-State Gas Systems (ISGS) Managing Director Mubeen Sulat as saying at a seminar on ‘Pakistan’s Potential in Oil and Gas Sector'.

“Iran has completed almost 90% work on the gas pipeline and we have completed a detailed engineering survey and a bankable feasibility study for the gas import project, which has entered the implementation stage,” Sulat said at the seminar organized by the Petroleum Institute of Pakistan (PIP).


He added that Pakistan will import 750 million cubic feet of gas per day from Iran under the IP pipeline project, with the first flow scheduled for December 2014.

Pakistan faces shortage of gas due to depletion of natural resources which leave the country with small reserves not enough for producing large amounts of natural gas, he stated.

The Iran-Pakistan gas pipeline project, which is expected to cost USD 1.2-1.5 billion, aims to export a daily amount of 21.5 million cubic meters of Iranian natural gas to Pakistan.

Maximum daily gas transfer capacity of the 56-inch pipeline -- which runs from Iran's southern port city of Asalouyeh in Bushehr Province to the city of Iranshahr in Sistan and Baluchestan Province -- is estimated to hit 110 million cubic meters.

Iran has already constructed more than 900 kilometers of the pipeline on its soil.
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News ID 183001