Work on Iran-Pakistan Gas Pipeline Inside Pakistan to Begin in Next 30 days

Construction work of Iran-Pakistan on the Pakistani side will likely commence in next 30 days, Shana news agency said citing Javad Oji, nanaging director of National Iranian Gas Company (NIGC).

Iran’s private sector companies have started their activities in Pakistan and Iranian banks will provide financial resources for construction of the pipeline, he said.

The news agency said that there is also a suggestion that Iran will allocate a 500 million dollar credit to the project and the remaining financial needs will be met by collecting taxes from gas consumers in Pakistan.

Also, it is planned Iranian and Pakistani companies would form joint venture for completion of the pipeline inside Pakistan territory.

Under a contract between the two countries, Iran is slated to export 21.5 million cubic meters of gas per day (7.8 billion cubic meters annually) to the neighbouring country as of 2014.