IP gas pipeline project to be materialised in one year: Shahid Khaqan Abbasi

ISLAMABAD, Nov 28 (APP): Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that Pakistan will find an opportunity to complete the proposed gas pipeline project within a year.Talking to a private news channel, Minister said, “I think trade restrictions will be lifted on Iran following agreement between Iran and world powers”.He said Pakistan has intensified its efforts to materialize Iran-Pakistan gas pipeline project. He said that it seems that situation is appropriate to materialize proposed Iran-Pakistan gas pipeline project following inking a deal on Tehran’s nuclear programme between Iran and world powers.
He said his meeting with Iranian counterpart is expected next month in this regard.
Prominent economist Iqbal Hamid Khan has also said that the Iran-Pakistan pipeline has become more significant in the present scenario.
He said that pipeline project can only be pursued if sanctions against Iran were lifted.
He said that the price at which Iran is going to sell gas to Pakistan is a little high, but the electricity generated from imported gas will help resolve shortage of electricity, besides reducing power tariff.
Iqbal Hamid Khan said that two-year period is required for completion of the project if work on it is started right now, inside Pakistan.
(Courtesy: APP)