Now IPI will be IPIBD

Discussion in 'West Asia & Africa' started by ajtr, Aug 25, 2010.

  1. ajtr

    ajtr Veteran Member Veteran Member

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    Bangladesh Keen to Join Iran-Pakistan Gas Pipeline


    TEHRAN (FNA)- Chairman of Bangladesh Energy Company (Petrobangla) Hossain Monsur announced that Dhaka welcomes Iran's invitation to join the multi-billion-dollar pipeline project which is due to bring Iran's gas to Pakistan.




    "We would be very happy to be a part of the proposed multi-country gas pipeline," Bangladeshi newspaper The Financial Express quoted Monsur as saying.

    Bangladesh said the project would be renamed the Iran-Pakistan-India-Bangladesh pipeline if the government signed onto the deal.

    In a recent letter to the Finance Ministry's Economic Relations Division (ERD), the Iranian ambassador to Dhaka said Bangladesh could join the pipeline project to be built to supply natural gas from Iran, the Bangladeshi officials said.

    "We have forwarded the letter of Iranian envoy to the energy division. The division will now chart its own course," a senior ERD official said last week.

    In a major breakthrough on March 20, 2009, the Pakistani government approved Iran's proposed pricing formula for gas supplies to the South Asian nation.

    Subsequently, Tehran and Islamabad signed a final agreement to launch implementation of the project.

    Tehran and Islamabad also sealed a final contract for the start of Iran's gas exports to Pakistan through the multi-billion-dollar pipeline in spring 2014.

    The last annex of the agreement for export of Iran's gas to Pakistan was signed on June 13 by Iranian Oil Minister Masoud Mir-Kazzemi and Managing Director of Pakistan's Inter-State Gas Company Naeem Sharafat in a meeting also attended by the Iranian oil ministry's representative in gas talks with Pakistan Seyed Reza Kassayeezadeh.

    The 2700-kilometer long pipeline was to supply gas for Pakistan and India which are suffering a lack of energy sources, but India has evaded talks. Last year Iran and Pakistan declared they would finalize the agreement bilaterally if India continued to be absent in the meetings.

    According to the project proposal, the pipeline will begin from Iran's Assalouyeh Energy Zone in the south and stretch over 1,100 km through Iran. In Pakistan, it will pass through Baluchistan and Sindh but officials now say the route may be changed if China agrees to the project.

    The gas will be supplied from the South Pars field. The initial capacity of the pipeline will be 22 billion cubic meters of natural gas per annum, which is expected to be later raised to 55 billion cubic meters. It is expected to cost $7.4 billion.
     
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  3. ajtr

    ajtr Veteran Member Veteran Member

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    Bangladesh mulling Iranian offer to join 'peace pipeline'

    DHAKA: Energy-hungry Bangladesh is examining an offer from Tehran to join a much-delayed project to pipe natural gas from Iran to Pakistan and India, an official said Tuesday.

    Last month, Iran formally invited Bangladesh to join the long-stalled 7.5-billion-dollar transnational gas pipeline, dubbed the "peace pipeline", Bangladesh's energy secretary Mesbahuddin Ahmed said.

    "We have sought more information on the offer, which we will examine," he
    said. A spokesman for the Iranian Embassy in Dhaka confirmed the invitation.

    The pipeline plan would see gas carried from Iran, which has the world's second-biggest reserves after Russia, to Pakistan and then India.

    But Hossain Mansur, the head of Bangladesh's state-owned energy giant Petrobangla, said: "Personally, I'd welcome the offer."

    Bangladesh has offshore gas fields, but the country's energy reserves are being depleted fast, Mansur said.

    The government estimates current gas reserves will run out by 2014-15 at present consumption rates unless new gas structures are discovered.

    The country has been grappling with a severe gas crisis in the past three years, with demand shooting up to 2,500 million cubic feet a day, against a supply of 1,950 million cubic feet a day.
     

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