Pakistan Risks $18 Billion Fine For Failing To Complete Iran Gas Project ...Middle East

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Pakistan Risks $18 Billion Fine For Failing To Complete Iran Gas Project
source : OILPRICE ( Middle East ) () 47
Pakistan is facing penalties of as much as $18 billion if it fails to complete a gas pipeline project it is carrying out with Iran, local media have reported. The project, which should supply some 750 million cubic feet of natural gas to Pakistan daily, has been fraught with difficulties, the chief among them being Pakistan’s failure to build its section of the infrastructure. Iran has already built its own portion of the pipeline but Pakistan has to finish the one passing through its territory by 2024. If it fails to do that, Iran has threatened…

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