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Pak may get 500M from India-Iran oil/gasline

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    Pak may get 500M from India-Iran oil/gasline

    http://www.dawn.com/2001/09/02/top2.htm
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    WASHINGTON, Sept 1: Pakistan may be able to earn as much as $500 million a year if the proposed gas pipeline transiting from Iran to Pakistan becomes a reality.

    This is projected in this month's issue of South Asia Monitor, the journal of the South Asia Programme of the Washington-based Centre for Strategic and International Studies.

    The journal points out that natural gas is India's fastest growing fuel source. Consumption has risen from 0.6 trillion cubic feet (tcf) in 1995 to 0.8 tcf in 1999, and is projected to grow at 6.5 per cent per year. India imports liquefied natural gas (LNG) from Oman to run the Dabhol plant, and plans to expand its LNG infrastructure.

    In June, Indian and Iranian officials met to discuss a possible Iran-India pipeline that has been under discussion for many years. An overland route through Pakistan is likely to be far cheaper than an offshore project. A study estimates that a pipeline could eventually halve natural gas prices in India. Published estimates suggest that Pakistan could collect as much as $500 million annually in transit fees. But, the journal points out, Pakistan and India have both resisted becoming economically dependent on the other. A pipeline agreement that protected India, Pakistan, and Iran against politically-driven disruption of flows, however, could have both economic and political benefits.

    Indian will also like to import gas from Bangladesh. Oil company experts' belief that substantial new resources are waiting to be developed is bolstered by a recent Petrobangla-US Geological Service survey.

    The present government's policy precludes gas exports, and export to India is controversial. Once a new government is in power in Bangladesh after the October elections, "deft Indian diplomacy may be able to improve the odds for a favourable decision".
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    Thumbs up to the idea we need the money and it probably way more than waht it will cost us to tranist it to our bros and my ancestors the Iranians/Persians. Bangladesh has oil? well I hope our Bangldeshi bros grow rich and I hope our ties with them grow from what it is now. Right now it about at the 0 level lets turn it up a notch and get a new ally that has a very strategic location for the Pak Navy, Army and Air Force against possible threats from India in a POSSIBLE fututre war. Inshallah this will never happen but it is better to be safe than sorry.

    #2
    Hey this is good news, indeed. Hope it works out for Pakistan.
    Thanx

    ------------------
    "kaisay na karta usko main pyar, uski haseen main sukh thay hazaar, bichar gayay hum dukh ki hay baat"
    Ain't new ta this....HOMEINVASION('93)

    Comment


      #3
      Originally posted by Ali_R:
      Hey this is good news, indeed. Hope it works out for Pakistan.
      Thanx

      Yea and we don't want Iran to have bad relations with us. So if it brings us $$$$ than i say take it!

      Comment

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