‘IP Gas pipeline project fully viable’

“Funding is not an issue for Pakistan-Iran gas pipeline project and there are sources available to arrange finances for the project,” Hina Rabbani Khar was quoted by The Nation as saying on Wednesday.

Speaking in a joint press conference with her Swedish counterpart, Carl Bildt, in Islamabad, she said the Pakistani government will adopt any policy which will be in the country’s best interest.

Rabbani Khar also stated that Pakistan’s Economic Coordination Committee has already set up a sub-committee “to look into the financing of the Iran-Pakistan gas pipeline and report to the committee.”

On March 1, Pakistan’s Foreign Minister announced that Islamabad will continue the joint gas pipeline project with Iran irrespective of foreign pressure or unilateral sanctions imposed on the Iranian energy sector.

Rabbani Khar said it is in Pakistan’s national interest to acquire energy from wherever available because Islamabad “cannot afford to be selective” with regards to energy supply sources, stressing no decision against the country’s national interests will be taken by the government.

Energy-hungry Pakistan is looking to increase its fuel imports from various sources, including Iran, to reduce power shortages that have crippled the country’s industry and shaved percentage points off its GDP growth.

Washington has frequently indicated its resentment of Iran-Pakistan gas pipeline project. An article published by the International Herald Tribune on January 25, said Washington is trying to lure Islamabad away from the Iran-Pakistan gas pipeline project by offering cheaper gas to the country.

The multi-billion-dollar gas pipeline aims to export a daily amount of 21.5 million cubic meters (or 7.8 billion cubic meters per year) of the Iranian natural gas to Pakistan.

The maximum daily gas transfer capacity of the 56-inch pipeline which runs over 900 km of Iran’s soil from Asalouyeh in Bushehr Province to the city of Iranshahr in Sistan and Baluchestan Province has been estimated at 110 million cubic meters.

SS/AZ/HGH

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