AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

WASHINGTON: A day after the Pak-Iran gas pipeline project gets a go-ahead from the caretaker cabinet, the State Department on Wednesday said Washington continues to discuss the project with Pakistan’s government, but the spokesperson refused to comment on the “details of diplomatic discussions.”

The spokesperson’s remarks came in response to a question on the resumption of the project and whether it was still a concern for the US.

The State Department maintained that helping Pakistan address its energy shortage crisis is a priority for the US.

IP gas pipeline project: CCoE decides to start work on first phase

“We have supported the addition of approximately 4,000 MW of energy capacity in Pakistan. Our projects have dramatically increased the nation’s electricity capacity — today powering the homes of more than 50 million Pakistanis,” said the spokesperson.

Sharing details of the US-Pakistan Green Alliance, a transformative initiative between the two countries, the State Department said Washington is working with Islamabad to address “today’s most pressing environmental challenges, especially around water management, climate-smart agriculture, and renewable energy.”

The aforementioned statement by the State Department comes after the caretaker government approved the postponement of its plan to file an appeal against the US sanctions under the Pak-Iran Gas Pipeline project.

The decision was made due to the current geopolitical situation.

According to sources, the decisions made by the Ministerial Oversight Committee regarding the Pak-Iran gas pipeline project have been approved.

The Petroleum Division prepared the summary based on the decisions of the Ministerial Oversight Committee. Though the final draft of the application was prepared, the plan to submit it to the US authorities has now been postponed. The Petroleum Division has prepared a summary based on the decisions of the committee, which has been approved.

A day earlier, the caretaker federal cabinet committee has approved the Pak-Iran gas pipeline project with plans to complete it in a year, marking it a major development with hopes for boosting the country’s energy security.

The federal cabinet, on February 23, approved a summary through circulation to ratify an earlier decision taken by the Cabinet Committee on Energy greenlighting the project that has seen more than a decade’s delay.

The 1931-kilometers-long gas pipeline project is likely to be completed in one year and will cost $158 million. Out of total length, 1150 kilometres of the pipeline will be laid inside Iran and the remaining in Pakistan up to Gwadar.

It may be pointed out here that Iran had already completed the laying of a 900-kilometre pipeline. The project agreement was signed in 2009 and was to be completed in 2015.

Comments

Comments are closed.

Tariq Qurashi Feb 29, 2024 10:04am
This pipeline is desperately needed by Pakistan, and we should point out to the Americans that their sanctions are harming our national interest, plus Qatar's oil we buy-will be freed up for Europe.
thumb_up Recommended (0)