Iran to export gas to China via Pakistan

Tehran: Senior Iranian oil ministry officials announced that Pakistan has decided to transfer Iranian gas to China, Iran’s FARS News Agency reported on Tuesday.

“Iran’s advantage over its rival countries (Qatar & Russia) is its location between two big gas consumption markets, China and Europe,” oil ministry’s website, Shana, quoted Managing Director of National Iranian Gas Export Company NIGEC Hossein Bidarmaghz as saying. He spoke of China’s growing need for gas & LNG, saying its consumption would equal all of Europe by year 2030.

Bidarmaghz said if Iran- Pakistan gas pipeline is extended to China it will facilitate gas exports to the country. Iranian and Chinese officials would review the matter in future. Multi-billion-dollar Iran- Pakistan gas pipeline deal, signed in June 2010, aims to export annual amount of up to 21 million cubic meters of natural gas to Pakistan.

It was originally called Iran, Pakistan, India IPI pipeline project. Iran, India & Pakistan held tripartite talks over the project, until New Delhi’s vacillation caused Tehran & Islamabad to continue talks bilaterally. New Delhi finally left trilateral talks over differences with Islamabad on issues like fee Pakistan would charge India for gas transit. In October 2007, Iran & Pakistan began new round of talks in Tehran, where details of deal were finalized.

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