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TEHRAN, March 3 (UPI) -- Tehran and Islamabad will sign off on a deal to build a natural gas pipeline from the South Pars complex during ceremonies next week, officials said in Tehran.
Hojatollah Ghanimifard, a senior investment official at the National Iranian Oil Co., told the semiofficial Fars News Agency there would be a signing ceremony Tuesday for the so-called Peace Pipeline.
"Once so, the ground is prepared for the export of gas to Pakistan and India," he added.
Forward momentum on plans to build a gas pipeline from the South Pars gas field lingered for years. Islamabad in 2009, however, signed a deal to secure natural gas from South Pars as part of a 25-year deal.
India was included in the original plans, though a Washington nuclear energy deal and expanding regional energy ties has kept New Delhi from formal negotiations.
Ghanimifard said the intended capacity for the $7.4 billion project will be around 1.9 trillion cubic feet of gas per year. Pakistan's southern Baluchistan province could host a section of the pipeline, though officials said that could change if China or another third party joins the project.
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