Russian energy firm Gazprom has expressed interest in participating in a $3.2 billion trans-Pakistan gas pipeline, crossing from Iran to India, reported KUNA. The project is expected to generate close to $14 billion in revenues for Pakistan over a period of 30 years, including transit fees and taxes.
The 2,672-kilometer gas pipeline would transport gas from Iran’s South Pars field to India via Pakistan. A Gazprom delegation recently visited Islamabad where they met with Pakistani petroleum and foreign ministers and senior officials to discuss economic and technical aspects of the pipeline’s construction.
Iran has already secured financial support from British Royal/Dutch Shell, British Gas and Malaysian Petronas for the Trans-Pakistan gas pipeline. Gas de France and Petronas are separately taking up long-term development of Iranian gas reserves.
Iran has the world's second largest natural gas reserves, after Russia, with some 26.3 trillion cubic meters. The South Pars Gas Field is estimated to hold close to five billion barrels of gas reserves. The field’s first well was drilled last year with two more wells to come on stream in the near future. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
