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‘Gas imported from Iran to generate 5000MW’
By
Muhammad Ali Malik
ISLAMABAD—Pakistan will use gas imported from Iran to generate 5,000
mega watts of electricity, the Pakistani prime minister’s advisor on
petroleum and natural resources said.
Asim Hussain said that natural gas imported from Iran will be
exclusively used to generate 5,000 megawatts of electricity, ISNA wrote.
He said that Pakistan needs 8 to 10 billion cubic feet of gas while the
supply is only four billion cubic feet. To a question, he said that
Iranian gas is not expensive in comparison with natural gas, which is
going to be even costlier than petrol due to high caloric value and
environment-friendly nature.
“Gas is also a raw material for fertilizer, textile and other industries
and it is 15 percent more efficient than the furnace oil used in power
generation,” he noted. He said the cost of pipeline project has been
reduced to $1.2 billion as 42 inch diameter pipeline will be locally
made and the cost of steel is $700 million.
Asim added that those who were opposing Iran-Pakistan gas pipeline
project were enemies and do not want development in the country.
“Pakistan can face a grave energy crisis if we are not able to
materialize this pipeline project”, he warned.
While giving calculations about the savings on Iran-Pakistan gas
pipeline, Asim said Pakistan would save about $1.2 billion at $60 a
barrel of oil, and save $2 billion if oil price increased to $100 a
barrel.
He said locally produced gas costs Rs364 or $4.5 per mmcf while Iranian
gas will cost Rs643 per mmcf. He said Iran has completed laying 900
kilometers of pipeline and would lay another 100 kilometers to reach the
supply point at the border to supply nearly 1 billion cubic feet of gas
per day.
The Pakistani official concluded by saying that if India indicated
willingness to join the project within the processing period, it will
get gas from the pipeline, otherwise a separate 52 inch pipeline will
have to be laid.
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