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Pak-Iran Gas Pipeline to be Complete by 2013 // Turkmen Gas Costlier than Iran's.

"First gas flow is targeted by the end of 2014," Hussain said.

The estimated cost is $1.5 billion, but it will be firmed up after completion of a bankable feasibility study, he added.

Initial information for financing the project has been exchanged with international investors from China, Russia and the Middle East, according to him.

The Turkmenistan gas pipeline project has also taken a great leap forward after nearly a decade and the gas supply and purchase agreement will be signed on November 15, Hussain said.

Islamabad and Ashkhabad have reached an accord for delivery of 1.3 billion cubic feet a day of Turkmen gas at 69 per cent of crude oil parity price under the $7.6 billion TAPI pipeline project.

But experts believe that imported Turkmen gas under TAPI would be costlier than Iranian gas as its price has been linked with the price of Brent crude oil, the Nation reported.

"The US is reportedly opposing the Iran-Pakistan gas pipeline project and Islamabad would not decline to the rising demands of Washington as well as the international lenders regarding IP gas deal", sources privy to the development said and added that the breakthrough in gas purchase deal at 69 per cent of crude oil parity price with Turkmenistan would likely push Pakistan's plan to import natural gas from Iran at relatively higher rates.

The TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project would provide 1.3 billion cubic feet of gas a day that would be completed by December 2016.

However, the project depends on a credible security apparatus in Afghanistan as well as the overall security situation of the war-torn region.

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Publication:Moj News Agency (Tehran, Iran)
Geographic Code:9TURM
Date:Oct 29, 2011
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