Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

Cash Shortage Delays Iran Gas Pipeline, Pakistan Pursuing LNG Imports

After 17 years of negotiations, Tehran and Islamabad have finally signed a deal to build a 2,150km pipeline to supply Iranian gas to Pakistan. But Pakistan cannot find the $1.65bn it needs to build its part of the project. They signed the 25-year deal on 28 May to pump 750mn cfd of gas from the South Pars field to Pakistan by the end of 2014, with the option of increasing...