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Pakistan Iran agree on gas pipe line project

This week a very good news coming in energy sector that Iran and Pakistan finally agreed to go ahead with the project.

The gas project which was initiated by Iran India and Pakistan was having many constraints and was continuously under pressure from US. India was asking more time to make the decision and therefore the project was delayed.

Finally Iran and Pakistan decided to continue with the project and when ever India decides it can be accommodated in the project extension.

The major issue which is now resolved is the gas price which is now related to petroleum prices as per the international practice. For all practical purposes the gas purchased will be based on BTU values as agreed by both partners.

For Pakistan it means that the gas will be on higher price than the domestic supply which is subsidized for common house hold users.

The gas is prime energy source for domestic usage as well as fertilizers and power generation companies.

This is expected that the average price when fixed for local consumers will take care for common users as well as industrial users

Iran wants quick decision for Gas Pipe

Iran asking India to make the decision of joining Gas Pipe Line project soonest, otherwise the project will be started with Pakistan .

Reluctance of India to make a firm decision is understandable due to Geo-Political Scenario. However this project is vitally important and profitable for Indian sustainable economic growth . Therefore a positive outcome is expected soon

 

 

 

 

 

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