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Iran-Pakistan gas pipeline to be funded through public-private partnership

The Iran-Pakistan gas pipeline project will be funded through public-private partnership, which will cost Pakistan an estimated $1.25 billion for its side of the pipeline. Pakistan and Iran have already signed an agreement on sovereign guarantee for the project, as well as another agreement for gas sale and purchase agreement for import of 750 million cubic feet per day (mmcfd) of natural gas with a provision to increase the volume to one billion cubic feet per day. Under the agreement, gas supply will start in 2014 and Pakistan will have to pay a penalty equal to the cost of 750 mmcfd if it fails to receive gas by the stipulated time.

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About hasaankhawar

International Development Professional | Policy Op-ed Writer | Hon. Fellow at Consortium for Development Policy Research | Avid Traveller

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