Iran (IMNA) - Speaking at a news conference on Tuesday, Ali stated that Pakistan intended to initiate work on its portion of the project immediately and connect to Iran's network. "I don't believe the US sanctions can impact the IP project at this juncture," he said.
Ali expressed uncertainty regarding the US's stance on the pipeline but emphasized that work on 80 kilometers of the pipeline in Pakistan would proceed. He estimated a 1.5-year timeframe for project completion within Pakistani territory.
"It will take some time to link up with Iran's side for gas supply," he added.
Islamabad's decision to advance the pipeline project follows its approval for work within its own territory. Analysts suggest that the project will enhance Pakistan's energy security and support regional industries by ensuring a stable gas supply.
"We should establish it as a trade border, not just an international border," said Reza Muhammad, president of the Islamabad Policy Research Institute. "Informal trade between the two countries should be formalized and expanded for the benefit of both nations."
Iran has extended the project deadline to September 2024 to prevent a legal dispute with Pakistan at international tribunals. The project, initiated in 2013, required Pakistan to complete its portion by 2014.
However, construction was halted, prompting dissatisfaction from Tehran, which claims to have invested $2 billion in its own side of the pipeline. Washington opposes the project, citing potential violations of its sanctions against Iran.
Pakistan risks a substantial penalty if it terminates the gas pipeline agreement. Experts believe Islamabad's decision to proceed with work on its portion stems from concerns about potential financial repercussions.
Pakistan's caretaker energy minister, Muhammad Ali, has asserted that US sanctions on Iran's civilian nuclear program may not apply to the planned gas pipeline project between the two countries.
News ID 731728
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