• HSBC

Iran forges gas ties with Pakistan

  • Iran: Tuesday, April 29 - 2008 at 10:39

Iran and Pakistan have settled all issues relating to plans for a $7.6bn gas pipeline during a visit to Islamabad on Monday by Iranian President Mahmoud Ahmadinejad, reported Reueters. Construction could start next year on the pipeline, which would initially transport 60 million cubic metres of gas (2.2 billion cubic feet) daily to Pakistan and India, half for each country, but capacity would be raised later to 150 million cubic metres. Pakistani officials also proposed another pipeline project, to carry gas from Iran to China, during Monday's talks.

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