Iran and Pakistan launched Gas Pipeline Project

Mar 12, 2013 13:25 IST

gas pipeline projectIranian President Mahmoud Ahmadinejad and his Pakistani counterpart Asif Ali Zardari on 11 March 2013 launched a 7.5 billion dollar gas pipeline project which will link Iran's gas pipeline to that of Pakistan.

The inauguration ceremony of gas pipeline project was held in Iran's Chabahar city and attended by ministers and senior officials from Iran and Pakistan. With the launch of pipeline Iranian President Mahmoud Ahmadinejad asserted that West has no right to obstruct Iran-Pakistan gas pipeline project that has nothing to do with Iran's nuclear issue.

Both the president mentioned that the completion of the pipeline is in the interests of peace, security and progress of the two countries and is supposed to consolidate the economic, political and security ties of the two nations.

About the gas Pipeline

• Iran has constructed 900 km of the 1600-km pipeline on its soil.
• Both Iranian and Pakistani firms have undertaken the construction of the remaining part in Pakistan.
• The project is completed by mid-2014, as scheduled; Iran will export 21.5 million cubic metres of natural gas to Pakistan on daily basis.
• The work on the Iranian side is almost complete and on 11 March 2013 saw the construction work start on the Pakistani side.
• A total of 780km of pipeline is to be built in Pakistan by December 2014.
• Tehran has agreed to lend Islamabad 500 million, dollar a third of the estimated 1.5 billion dollar cost of the Pakistani section of the pipeline.

Controversy with the project

The project provoked several warnings of sanctions from the US. Washington stated that the pipeline would enable Tehran to sell more gas, undermining efforts to step up pressure over its nuclear activities.
As per US, if this deal is finalized for a proposed Iran-Pakistan pipeline, it would raise serious concerns under our Iran Sanctions Act.

US State Department's advise saying Pakistan to better look for other energy options instead of the Iran gas project.

Is this article important for exams ? Yes9 People Agreed
Read more Current Affairs on: Gas Pipeline Project , Iran and Pakistan , Mahmoud Ahmadinejad

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK