I’d like to draw your attention about Gas Pipeline projects
According to my knowledge, there are going to be three Pipelines, which are going to pass by Pakistan’s Territory.
- Turkemistan-Afghanistan-Pakistan: Gas Pipeline Framework accord is going to be sign on 26th of Dec. **Click Here For Full Story**
The ADB is currently working on the feasibility study of the 1,500-km pipeline from Turkmen gas field across Afghanistan to Gwadar and is assisting the three states to finalize the framework agreement and launch the project. The bank is financing the feasibility study and has promised along with the World Bank to be major financiers of the project as well.
- Iran-Pakistan-India: According to the Tehran Times President Khatami is likely to visit Pakistan later this month[Dec.2002], and Gas Pipeline will be on his agenda.
The laying of the pipeline in Pakistan’s territory will fetch $600 to 700 million a year as transit fee. It will help give substantial impetus to the economic activities in Pakistan. However, India had asked Iran to conduct the study on deep-sea route for laying the gas pipeline as a second option, which is why the two Italian firms were hired in this regard. Good news is both ways works in favor of Pakistan. ![]()
- Qatar-Pakistan: “Gas Sales and Purchase Agreement” b/w the two countries is in the final stages.
With all theses projects, Pakistan can attracts nearly $ 1 bn of foreign investment in the oil and gas sector, which it did last year; and is wooing more multinational companies to explore its huge untapped resources. Located at the cross roads of Central Asia. :k:
I’ll be updating news about Pipelines later ![]()