The Iran-Pakistan gas pipeline project will be completed by 2013, one year a head of schedule, Pakistan’s petroleum minister, Asim Hossein said.
He went on to say that, first gas flow is targeted by the end of 2014, Iran’s SHANA news agency reported.
He noted that the estimated cost of the project is $1.5 billion, but it will be confirmed after completion of a bankable feasibility study.
In June 2009, Tehran and Islamabad signed a 25-year agreement based on which Iran agreed to export 7.8 billion cubic meters of natural gas to Pakistan per annum through pipeline. According to the agreement, the pumping of gas will start from February 2014.
Referring to the recent trip of Pakistani energy minister to Assalouyeh, Managing director of the National Iranian Gas Exporting Company Hossein Bidarmaghz said Pakistan requested for increasing the amount by 30 million cubic meters per day.
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Source: NIGC, October 31, 2011