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Iran, Pakistan sign natural gas pipeline agreement

http://www.reuters.com/article/idUSTRE62G12C20100317

excerpts:

“Pakistan has signed a deal with Iran paving the way for the construction of a much-delayed pipeline pumping Iranian natural gas to the energy-starved South Asian country, officials said on Wednesday.

The $7.6 billion project is crucial for Pakistan to avert a growing energy crisis already causing severe electricity shortages in the country of about 170 million.

…Dubbed the “peace pipeline,” the project has been planned since the 1990s and originally would have extended from Pakistan to its old rival, India.

However, India has been reluctant to join the project given its long-running distrust of Pakistan, with which it has fought three wars since they achieved independence in 1947.

Under the deal signed on Tuesday, Pakistan is allowed to charge a transit fee if the proposed pipeline is eventually extended to India."

by teru kuwayama at 2010-03-17 14:36:27 UTC | Bookmark | | Report spam→

meanwhile, over in China:

http://www.reuters.com/article/idUSTRE62G0UM20100317?loomia_ow=t0:s0:a49:g43:r2:c0.088608:b31964554:z0

“China’s burgeoning gas demand has been a key driver for a swathe of projects to supply the clean-burning fuel — but the speed at which it will shift away from coal and oil could still catch markets by surprise.

…A number of major gas pipelines will be laid over the next three years, including Sichuan-Shanghai, Ordos-Beijing, the second West-East line, doubling the networks’ current capacity.

PetroChina and rival Sinopec Corp are developing new, big fields such as Dina and Tazhong in northwest Xinjiang; Sulige in Inner Mongolia; Longgang and Puguang in southwest Sichuan, while fast-tracking explorations by adding each year 200 bcm of incremental recoverable reserve, said Jiang.

The start of long-term gas deliveries from Qatar, Indonesia and Malaysia will double imports of liquefied natural gas by 2011. These will surge even further in coming years, after firms like Qatargas, Shell, BP and Exxon Mobil sealed supply pacts with Chinese firms worth over $100 billion.

Piped gas from Turkmenistan and Myanmar will together amount to 20 percent of China’s demand, or 40 bcm, by 2015."

by teru kuwayama | 17 Mar 2010 14:03 | Palo Alto California, United States | | Report spam→

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