Pakistan's intermin government approves construction work of gas pipeline with neighbouring Iran
Pakistan government has finally approved the commencement of the much-delayed construction work on its segment of the Iran-Pakistan (IP) gas pipeline which will help address the increasing energy needs of the cash-strapped country. The approval, which came after a delay of several years, for the first phase of the 80-km segment inside Pakistan was given by the Cabinet Committee on Energy (CCoE) of the interim government just days before the new government takes office after the February 8 elections.
«The Pakistan government has approved the start of construction work on its segment of the Iran-Pakistan (IP) gas pipeline,» said an official statement.
The committee, acting on a recommendation from the Petroleum Division, has endorsed the commencement of the project, starting from the Pakistan-Iran border up to Gwadar, a port city in Balochistan province, in the initial phase.
«All the concerned divisions gave a positive nod to move ahead with the project to ensure gas supplies to the people of Pakistan, thereby addressing the increasing energy needs of the country,» the statement stated.
Pakistan's Interstate Gas Systems (Pvt) Ltd is set to execute the project, which will be funded through the Gas Infrastructure Development Cess (GIDC).
The statement emphasised the significance of the project for enhancing the energy security of Pakistan and instilling confidence in the local industry through improved gas supplies.
The project is anticipated to
