Gulf Oil and Gas accountACCOUNT

Third Party Needed in Iran-Pakistan Gas Pipeline Project

Source: Shana 9/4/2017, Location: Asia

Share |
Iran says a third party is needed in the Iran-Pakistan gas pipeline in order to ensure payment of Tehran's gas money by Islamabad.

Speaking on Monday, Iranian Minister of Petroleum Bijan Zangeneh told reporters: “I believe that Iran will finally send its gas to Pakistan but considering the lessons I have learned about this issue over the years, I think a third party would be needed for financing and completing Pakistan’s share of the project.”

“Pakistan says it lacks finances for launching its share of the pipeline,” he said, adding there are also concerns that even after export of the gas, Islamabad will fail to pay its dues to Iran.

“This means that a third party would lay out Pakistan’s share of the pipeline so we would rest assured of payment of our gas money,” the official added.

There are certain oil and gas companies in the world that would like to join the project but no tangible results have been reached in talks with them so far, he further said.

Oil and Gas Pipeline >>

Oil and Gas Pipeline News in Iran >>

United States >>  11/6/2017 - Bibby Offshore’s Houston-based division, Bibby Subsea, has successfully completed a significant contract with Shell Pipeline, a subsidiary of Shell Oi...
Australia >>  11/1/2017 - Energy producer and explorer Whitebark Energy Ltd (WBE) (Whitebark) notes the announcement by the Federal Minister for the Environment and Energy, the...

Russia >>  10/30/2017 - Slovakia and Hungary signed a memorandum of understanding to support the planned Eastring gas pipeline aimed at loosening Russia's supply hold on sout...
Russia >>  10/30/2017 - DNV GL, the internationally renowned certifying body for the offshore oil and gas industry, has issued a new certificate confirming the continued inte...

United Kingdom >>  10/23/2017 - Noble Energy Partners has entered into an agreement with PLS Advisory Services to evaluate and negotiate mid-stream oil and natural gas pipeline asset...
Azerbaijan >>  10/20/2017 - Two recently published studies have highlighted how the Nord Stream 2 Pipeline will make a positive economic impact in Europe. ...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

Oil & Gas Projects in Iran >>

More News


Oil & Gas Companies in Iran >>

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.