Iran signs final agreement for 'Peace' gas pipeline

March 18, 2008
Iran reported it will sign a final agreement to export gas via pipeline to Pakistan in April.

By an OGJ correspondent
KARACHI, Mar. 18 -- Iran reported it will sign a final agreement to export natural gas via pipeline to Pakistan in April. Iran has completed construction of about half of the 110 million cu m/day gas line, known as the "Peace Pipeline," which will transport gas to Pakistan and later, India, according to a National Iranian Gas Co. senior pipeline executive.

Iran plans to start exporting gas to Pakistan and India starting in 2011 through the $7.4 billion dollar pipeline project. "Negotiations are at a final stage," the executive said, adding, "Pakistan needs 50 million cu m/day of gas, and we can supply the rest to India if they want it."

National Iranian Oil Co. is developing Kish field, which would transport gas via a 900-km pipeline from Assaluyeh to Iranshar once it was completed, the executive said. Pakistan could start receiving the gas when Iran completed a 400-km section from Iranshar to the Pakistani border, he said.