As we all know that in Pakistan the demand of the natural gas exceeds the supply, because of the low natural gas reserves and rapid increase in consumption. Pakistan signed a preliminary agreement for construction of a natural gas pipeline linking Iranian natural gas field with Karachi and then further onto India. Since 1993 Pakistan, Iran and India are planning for the gas pipeline project.
The price of gas to be imported from Iran to Pakistan has been proposed at 80 per cent of the crude oil price. Earlier Pakistan offered 78.2 per cent of crude oil price, but the Iranian authorities refused to accept the offer of 78.8 per cent of the crude oil gas price.
In the meeting Adviser to Prime Minister Shukat Tarin objected that the proposed price is too high and Pakistan is unable to manage huge amount of dollars to pay Iran for the gas. He asked the Petroleum Ministry, after introducing certain modifications in the proposed deal, to move the federal cabinet for ratification. Iran Pakistan gas pipeline deal is an international agreement and cabinet is the right forum for approval such agreement, Tarin said.
The price of gas to be imported from Iran to Pakistan has been proposed at 80 per cent of the crude oil price. Earlier Pakistan offered 78.2 per cent of crude oil price, but the Iranian authorities refused to accept the offer of 78.8 per cent of the crude oil gas price.
In the meeting Adviser to Prime Minister Shukat Tarin objected that the proposed price is too high and Pakistan is unable to manage huge amount of dollars to pay Iran for the gas. He asked the Petroleum Ministry, after introducing certain modifications in the proposed deal, to move the federal cabinet for ratification. Iran Pakistan gas pipeline deal is an international agreement and cabinet is the right forum for approval such agreement, Tarin said.
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