Iran News ...


12/17/04

Export of Iranian gas to enhance economic growth in the region

New Delhi, Dec 17, IRNA -- Export of Iranian gas through a proposed pipeline to Pakistan and India will boost the economies of the three countries. The spokesperson of BHP Billiton and the Anglo-Australian Project Delivering Company told IRNA in an exclusive interview that operation of the proposed pipeline will have a strong impact on the economy of the region as well.

He said BHP, in a jointly sponsored study with the National Iranian Gas Export Company (NIGEC), has completed a feasibility study on the proposed gas pipeline to India through Pakistan which suggests the project would be technically and commercially viable and cost effective for all the three participating countries.

Once the project is completed, gas will be extracted from Iran's giant South Pars gas and condensates field located offshore in the Persian Gulf and exported overland to the markets of Pakistan and India, he added.

He also said that a preferred corridor route for the 2600-km pipeline has been identified in the feasibility study conducted by the two companies.

From the onshore processing facilities of the South Pars gas field in Assalouyeh in southwest Iran the pipeline will follow a direct route east across central Pakistan towards New Delhi in northern India.

The export of piped gas from Iran to the markets of India and Pakistan would generate significant economic and regional benefits for the three participating countries, he stressed.

He said that during a recent forum Iran's Deputy Foreign Minister for Economic Affairs Ali Majedi and high-level officials of India's Petroleum and Natural Gas Ministry and other government officials as well as the chairman and managing director of Gas Authority of India Limited (GAIL) showed their keen interest in the realization of the project.

"Now inter-governmental agreements are required to bring the project from the feasibility stage to the various phases of execution," he added.

Subject to the approval of the three governments, the first gas delivery to India and Pakistan could materialize in five years' time, he concluded.

... Payvand News - 12/17/04 ... --



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