Iran, Pakistan sign gas pipeline
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  • Pakistan and Iran have signed an agreement to activate a bilateral gas pipeline project, without India's participation, after 14 years of negotiations over what was initially framed as the Iran-Pakistan-India (IPI) gas pipeline project. New Delhi withdrew from the talks last year over repeated disputes on prices, transit fees and security issues. Pakistan’s Interstate Gas Company (PIGC) and the Iranian National Oil Company (INOC) signed the agreement on June 12 in Turkey, so that the agreement would be governed through a third country law. Under the gas sale purchase agreement, Iran would provide 750 million cubic feet of gas per day to Pakistan for the next 25 years, which would help generate 4000MW of electricity. The pipeline project, to begin from Gwadar, would be completed by 20131.

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