Iranian President Ibrahim Raisi will visit Pakistan on April 22. The Ministry of Energy has started work on the Pak-Iran gas pipeline project.
According to the Business Recorder report, the concerned authorities have started work to connect the 80 km long pipeline from Gwadar to the pipeline in Iranian territory.
The Pak-Iran Gas Pipeline project is estimated to be completed in 24 months at a cost of Rs 44 billion and funds will be sought from the Public Sector Development Program (PSDP) from the Petroleum Division in the 2024-25 budget as it is expected that The Finance Ministry will be unable to provide the necessary funds under the Gas Infrastructure Development Cess (GIDC).
Interstate Gas Company (ISGS) has floated tenders for survey and revalidation of front-end engineering design (FED) by consultants, a senior official of the Ministry of Power said, Business Recorder reported.
It should be noted that this development has taken place despite the US’s clear opposition to the bilateral plan and warning of possible sanctions.
Initially, the 80-km pipeline section is expected to supply 100 million cubic feet per day (mmcfd) of gas, while the projected 25-year life of the project is 750 mmcfd.
After completion of this process, authorities will proceed with land acquisition, followed by awarding of engineering, procurement and construction (EPC) contracts.
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2024-04-17 20:36:34