Work on Pak-Iran Gas Pipeline Project to start soon: Abbasi

BusinessWork on Pak-Iran Gas Pipeline Project to start soon: Abbasi

ISALAMABAD, Pakistan: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Friday said that work on $two billion Pak-Iran Gas Pipeline Project would be started soon once the international sanctions on Iran were fully removed.

Responding to various questions in the National Assembly during question hour, he said, Pakistan had lifted its sanctions against Iran and as soon as there was clarity in sanction at the international level work on it would be started. He said the international sanctions did not allow the international contractors and financiers to work on the project.

He said Pakistan was continuously in touch with government of Iran and counterpart Iranian gas company regarding developments on the project and had also completed design of the project.

He said Pakistan was importing LNG from Qatar on lowest prices in Asia, adding that Pakistan was getting the LNG from Qatar at a price of 13.37 percent of 90 days brent. He urged the opposition to refrain from speculations and leveling baseless allegations on this project of national interest. He said the government was ready for debate on the issue.

The Minister said with the import of LNG from Qatar, industries would get maximum gas. He said the Pak-Iran Gas Pipeline Project had no link with LNG.

To another question, he said there was no short and medium term solution to our gas problem other than LNG, adding that it was the first contract and the government would execute more such contracts in future.

The Minister said that 70 discoveries of oil and gas had been made in the country during the tenure of the present government. He said that the government has tripled the efforts of oil and gas exploration.

Source: APP

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

PTI Protest November 24

PTI Protest November 24: All roads leading to Islamabad closed down

0
Islamabad, Pakistan: Administrative panic of the government can be judged by the fact that Motorways including M1, M2, M3, M4, M-11, and M14 have...
State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru Nanak

State Bank of Pakistan releases coin to commemorative 555th birth anniversary of Baba Guru...

0
Karachi, Pakistan: The State Bank of Pakistan has released coin worth Rs 55 to commemorate the 555th birth anniversary of Baba Guru Nanak.On the...
Punjab Government created a trench at Haro River Bridge so PTI procession from Peshawar could not enter Islamabad

PTI Protest Call: Despite road blockades, PTI workers move on towards Islamabad

0
Monitoring Desk: Despite road blockades, worker arrests, and a police crackdown, followers of Tehreek-e-Insaf (PTI) are moving fast towards Islamabad for a protest on...
37 Brigadiers of Pakistan Army promoted as Major Generals

CTD Punjab claimed to kill three TTP terrorists near Rawalpindi

0
Rawalpindi, Pakistan: The Counter Terrorism Department (CTD) of Punjab killed three TTP terrorists (officially known as Khawaji) at Chakri, 30 km away from the...
Ukraine to receive 500,000 artillery shells by yearend from Czech Republic Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from Czech Republic, reports Ukrinform. Referring to announcement of Czech Foreign Minister Jan Lipavský, Ukrinform reports that Czech Republic will continue to provide support to Ukraine to repel and stop Russian aggression. "As you know, my country has launched an initiative on ammunition. By the end of the year, 500,000 large-caliber shells will be delivered. We will not stop there. We will continue to provide the Armed Forces of Ukraine with the necessary support," the Czech Foreign Minister emphasized.

Ukraine to receive 500,000 artillery shells by yearend from the Czech Republic

0
Monitoring Desk: In dire need to counter Russian aggression, Ukraine will receive 500,000 shells of various calibers by the end of this year from...
Advertisement