Thus, from purely a strategic point of view, the future prospects of Pakistan-China relations are quite bright. The news came in connection with a visit to Pakistan by the Saudi deputy foreign minister. LNG terminal could be set up at Gwadar Port for handling and processing gas imports, which will give a boost to economic activities at the seashore.
One is through Multan and Khuzdar and the other along the coastline of Pakistan before entering into India.
Instable governments in Pakistan have contributed in weakening the strong position. Both sides have decided to constitute a working group which would re-establish in two months the new parameters for the projects, including a new time-frame and other important issues involving financing of pipeline to be laid down in the territory of Pakistan.
The Iranian oil minister and his delegation agreed with their Pakistani counterparts to set up a joint contracting company to complete the construction of the IP gas pipeline within the next 15 months. As a result, the costs might be further raised.
The carbon emission rate of India is surging at an alarming rate since the s. Another reason why Russia has taken a positive stance towards Iran is that they do not want Iran to venture into European markets.
The economic gains which IPI promises in future are very lucrative for big oil and gas companies around the world. For example, when U. In Pakistan, it will pass through Balochistan and Sindh but officials now say the route may be changed if China agrees to the project.
Himalayas, Hindu Kush in the North are plentiful in providing water and natural resources. Pakistan has acute shortage of energy while Iran has abundant energy resources.
State Department said recently that sanctions on the Iran pipeline project still existed. Speculation soon followed that the Iran-Pakistan gas pipeline would benefit from the nuclear deal.
Qatar Pakistan and Turkmenistan Pipeline projects highlights the position. The report highlighted benefits of the pipeline to Pakistan, India and Iran. Iran has a plan to make Nabucco Pipeline which is 3,km-long and will run towards Europe. The supply of gas to India is threatened due to their deep rooted distrust with Pakistan as the pipeline will pass through areas of Multan and Khuzdar in Pakistan.
SinceChina has recorded growth rates averaging about nine percent per annum, propelling it to the position of the second biggest economy in the world.
The situation is alarming and the new government has its task cut out. Since the prices in the contract are linked to crude oil prices, the government "blatantly ignored the energy dynamics and its pricing while going for this deal".
Geo Strategic Importance of Pakistan Geo strategic means the importance of a country or a region as by virtue of its geographical location.
According to latest projections, China will overtake the US economy in PPP terms within the next few years and in nominal terms some time in the next decade.
Moreover, the strengthening of India-US economic ties has a strong incentive for all countries to reach a common agreement. For this, Gazprom Neft is providing technical assistance.
Nevertheless, it remains a depleting source and in future, other environmental friendly alternatives may replace it to fulfill energy requirements for South Asian development.
It is not simply a gas pipeline, but an energy lifeline for Pakistan. From Multan, the pipeline may be expanded to Delhi. But one of the important and less talked about projects that the new government needs to revive is the Iran-Pakistan gap pipeline project or?
The result was increased Pakistan-China cooperation in various fields, including the field of nuclear technology.In the project was revived after the UNDP's report Peace and Prosperity Gas Pipelines by Pakistani petroleum engineer, Gulfaraz Ahmed, was published in December The report highlighted benefits of the pipeline to Pakistan, India and Iran.
The growth in the depth, and the extent of US-India cooperation, is likely to push Pakistan closer to China as a counterweight to India’s possible hegemony in South Asia. US threats of sanctions against Pakistan because of its decision to proceed with the Iran-Pakistan gas pipeline project will further hasten this process.
Writer's Archive Pakistan, Iran agree to complete gas pipeline in 15 months “The Iran-Pakistan gas pipeline is an important example of Tehran-Islamabad cooperation, and. Near 20 years after the initiation of talks over the peace gas pipeline, beginning as the Iran-Pakistan-India gas pipeline project, and despite the fact that Iran has completed its part of the pipeline in its territory, Pakistan has fallen behind the target to take delivery of gas, initially scheduled for Iran has repeatedly warned [ ].
Speculation soon followed that the Iran-Pakistan gas pipeline would benefit from the nuclear deal. The Economic Times meanwhile reported that India was “set to push for the proposed $7 billion gas pipeline from Iran via Pakistan,” now that restrictions were likely to ease in the wake of the nuclear deal.
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