Gulf Oil and Gas accountACCOUNT

Third Party Needed in Iran-Pakistan Gas Pipeline Project

Source: Shana 9/4/2017, Location: Asia

Share |
Iran says a third party is needed in the Iran-Pakistan gas pipeline in order to ensure payment of Tehran's gas money by Islamabad.

Speaking on Monday, Iranian Minister of Petroleum Bijan Zangeneh told reporters: “I believe that Iran will finally send its gas to Pakistan but considering the lessons I have learned about this issue over the years, I think a third party would be needed for financing and completing Pakistan’s share of the project.”

“Pakistan says it lacks finances for launching its share of the pipeline,” he said, adding there are also concerns that even after export of the gas, Islamabad will fail to pay its dues to Iran.

“This means that a third party would lay out Pakistan’s share of the pipeline so we would rest assured of payment of our gas money,” the official added.

There are certain oil and gas companies in the world that would like to join the project but no tangible results have been reached in talks with them so far, he further said.

Oil and Gas Pipeline >>

Oil and Gas Pipeline News in Iran >>

Russia >>  5/17/2018 - The Gazprom Management Committee took note of the information about the ongoing construction of the Power of Siberia gas pipeline and the shaping of g...
Russia >>  5/15/2018 - Nord Stream 2 has started the offshore preparatory works for the subsequent pipe laying in the Bay of Greifswald. Five dredgers are now working on the...

Egypt >>  5/14/2018 - Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla...
Iran >>  5/13/2018 - The director of projects in construction and engineering affairs announced that more than 93 percent of pipelaying operations have been performed in s...

Russia >>  4/30/2018 - Today at the Black Sea coast of Turkey, the deep-water pipelay for Line 1 of the TurkStream offshore gas pipeline has been completed. The average rate...
Azerbaijan >>  4/27/2018 - In April 2018, the environmental management system of the Trans Adriatic Pipeline (TAP), that covers all pipeline construction activities in Italy, Al...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

Oil & Gas Projects in Iran >>

More News

 

Oil & Gas Companies in Iran >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.