Iran to Sign Final Agreement for IPI Pipeline

A02469544.jpgTEHRAN (FNA)- Iran reported it will sign a final agreement to export natural gas via pipeline to Pakistan in April.

Iran has completed construction of about half of the 110 million cu m/day gas line, known as the “Peace Pipeline,” which will transport gas to Pakistan and later, India, according to a National Iranian Gas Co. senior pipeline executive.

Iran plans to start exporting gas to Pakistan and India starting in 2011 through the $7.4 billion dollar pipeline project. “Negotiations are at a final stage,” the executive said, adding, “Pakistan needs 50 million cu m/day of gas, and we can supply the rest to India if they want it.”

National Iranian Oil Co. is developing Kish field, which would transport gas via a 900-km pipeline from Assaluyeh to Iranshahr once it was completed, the executive said. Pakistan could start receiving the gas when Iran completed a 400-km section from Iranshahr to the Pakistani border, he said.

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