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2/21/2009 |
Iran has increased the price of natural gas it plans to sell to India through Iran-Pakistan-India pipeline to USD 7.2 per mBtu, which makes it the most expensive fuel in the country as of date.
Besides, India would have to pay USD 1.1-1.2 per mBtu in transportation cost and transit fee for wheeling the gas through Pakistan, making it the costliest gas in the country, so India had lost interest in the project because it considered that the price proposed by Iran was too high.
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3/21/2009 |
Economic Coordination Committee (ECC) of the cabinet approved a rationalised gas import price equivalent to 80 percent of the international crude oil price, removing the final obstacle in the $7.8 billion gas pipeline project with Iran.
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4/9/2009 |
Pakistan Federal Cabinet accorded approval to the construction of Pakistan-Iran gas pipeline and gave the go ahead for purchase of 750 million cubic feet gas from Iran to fulfill the growing local requirements.
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5/25/2009 |
Iran and Pakistan signed an initial agreement for a USD 7.5bn Iran-Pakistan-India gas pipeline.
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6/5/2009 |
Iran-Pakistan gas pipeline project has been formally signed in Istanbul. The agreement was signed between National Iranian Gas Export Company (NIGEC) and Pakistani Interstate Gas Company (PIGC).
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8/11/2009 |
900 km out of 1100 km in Iran has been constructed, with a cost of $700 m.
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1/23/2010 |
Iran and Pakistan have resolved all issues concerning the long pending IPI pipeline and both the countries are likely to sign a deal soon.
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3/17/2010 |
Iran and Pakistan have signed a deal paving the way for construction to start on the IPI gas pipeline. Under the terms of the deal, Iran will supply 750 million cubic feet a day of gas to Pakistan for 25 years.
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3/30/2010 |
China has expressed its keen interest to invest of $2.5 billion in Iran - Pakistan Gas pipeline, it is interested to extend the Gas Pipeline Project into its area.
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3/31/2010 |
India proposed dialogue with Iran to discuss impediments in implementation of the Iran-Pakistan-India (IPI) gas pipeline. India has been boycotting formal talks on the project since 2007 over security concerns.
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4/11/2010 |
Designing and construction of remaining part of the Iranian sector of Peace Pipeline will start as of May 2010.
The 900 km, 42 inch diameter (IP) gas pipeline will run from the Assaluyen gas field in southern Iran to Pakistan. Requiring a total investment of $US 3.2 billion, the IP pipeline will have a capacity of 750 MMcm/a.
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5/16/2010 |
India has invited Iran for resumption of dialogue on the long discussed IPI project but Tehran is yet to respond. India has proposed a meeting of India-Iran Joint Working Group between May 23-28 in New Delhi but Tehran has not yet confirmed the dates.
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5/28/2010 |
Iran and Pakistan signed a "sovereign guarantee" agreement paving the way for the completion of Iran-Pakistan Gas Pipeline. The groundwork of the project would start soon, as the paper work had been completed.
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6/13/2010 |
Iran and Pakistan formally signed a deal, which commits the Islamic republic to supplying its eastern neighbor Pakistan with natural gas from 2014.
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10/25/2010 |
The Pakistan government has awarded a $55 million feasibility study contract to ILF, of Germany, for the $2.5 billion Iran-Pakistan (IP) gas pipeline project with the condition that the consultant will complete its job in only 12 months, against original plan of 18 months.
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11/13/2010 |
The bidding for Pakistan’s part of Iran-Pakistan Gas Pipeline Project would commence shortly,
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3/13/2011 |
Pakistan seeks assistance from China to carry out Iran-Pakistan (IP) gas pipeline project to import gas from Iran.
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7/5/2011 |
Work on Iran-Pakistan gas pipeline is expected to start in six months.
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8/10/2011 |
A feasibility report is being prepared for Iran-Pakistan gas pipeline by NESPAK.
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8/17/2011 |
Pakistan plans to borrow $300 million from local banks to build Pakistani side of the Iran-Pakistan gas pipeline.
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8/29/2011 |
Chinese companies will help Pakistan to complete Iran-Pakistan gas pipeline project.
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11/2/2011 |
A consortium of banks has been formed to finance the Iran-Pakistan gas pipeline project.
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11/26/2011 |
The government of Pakistan's Balochistan Province has agreed to give land for Iran-Pakistan Gas Pipeline project.
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2/4/2012 |
Pakistan will complete IP Project instead of sanctions imposed against Iran.
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2/20/2012 |
Russia has asked Pakistan to award a $1.2 billion pipeline-laying contract of Iran-Pakistan-India Gas Pipeline to its energy giant Gazprom without going into bidding process.
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3/5/2012 |
Pakistan has awarded the $250 million contract for laying of Iran-Pakistan (IP) gas pipeline in its territory to ILF Engineering German company.
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3/10/2012 |
The second phase of lying Iran-Pakistan gas pipeline has been started.
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4/7/2012 |
Russia has come forward to bail out Pakistan to complete the much-touted Iran-Pakistan gas pipeline and has agreed to fully provide both technical and financial help.
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4/28/2012 |
Inter State Gas Systems, an auxiliary organization of Pakistan Petroleum and Natural Resources Ministry, issued pre-qualification of engineering, procurement, construction and commissioning tender for IP pipeline as Iran offered $500 million to Pakistan to build its part of the pipeline.
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5/12/2012 |
Pakistani Inter State Gas Systems invited contractors to pre-qualify for the engineering, procurement, construction, and commissioning contract of a 785 km, 42 inch diameter gas pipeline from Iran to Pakistan.
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7/21/2012 |
Pakistan and Iran have committed to press ahead with the gas pipeline project and constituted a joint working committee to finalize a deal for laying Pakistan's portion of the pipeline by Iran.
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8/23/2012 |
Pakistan planned gas pipeline will reach border point in first half of next Iranian calendar year beginning 20 March 2013.
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11/26/2012 |
Iran-Pakistan gas pipeline will be completed on schedule in 2014 despite the U.S pressures to head off the project.
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1/13/2013 |
Iran has designated a 'clean' private company, which has not been placed under US sanctions, to take a direct contract for laying a pipeline in Pakistan under the Iran-Pakistan gas supply project for which Tehran is extending a $500 million loan.
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2/2/2013 |
Pakistan has awarded Iran's Tadbir Energy Company a contract to build Pakistan part of Iran-Pakistan gas pipeline.
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3/2/2013 |
The IP pipeline is expected to be constructed in 22 months.
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3/13/2013 |
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3/13/2013 |
Iranian President Ahmadinejad and his Pakistani counterpart Asif Zardari have officially inaugurated the final construction phase of Iran-Pakistan gas pipeline.
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4/2/2013 |
Pakistan may face economic sanctions over the IP pipeline project with Iran.
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4/10/2013 |
Iran will provide $500 million under a state-to-state arrangement for constructing of the IP Pipeline.
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