
ISLAMABAD, Pakistan, March 30 (UPI) -- Joining a natural gas pipeline planned from Iran to Pakistan would be "advantageous" to the Russians, a European diplomat said.
A delegation from Pakistan is to visit Moscow next week to discuss a role for Gazprom in the natural gas pipeline planned from Iran's offshore South Pars gas field.
"This project is advantageous to Moscow since its realization would carry Iranian gas toward South Asian markets so that in the near future it would not compete with Russian gas to Europe," a European diplomat told Pakistan's newspaper The Nation on condition of anonymity.
The announcement follows a mid-March decision by a banking consortium led by the Industrial and Commercial Bank of China to walk away from the planned natural gas pipeline. Washington has expressed reservations about the project because of the potential economic benefits for Iran.
Iran has started work on its section of a pipeline. Pakistan expects by June to have a route survey completed in its territory.
Washington backs a rival project that would stretch from Turkmenistan to India through Afghanistan and Pakistan. Security concerns in Afghanistan, however, challenge that project's development.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
BRUSSELS, May 22 (UPI) --
The European Union will carefully weigh the risks of shale gas development this year but also needs to stem high energy prices, the EU's energy chief says.
|
SANTIAGO, Chile, May 21 (UPI) --
More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption