Report: Iran gas imports a disaster for Pakistan

Image
AP Islamabad
Last Updated : Oct 23 2013 | 8:57 PM IST
A Pakistani advocacy group says a plan to import natural gas by pipeline from neighboring Iran would be an economic "death sentence" for the country because the gas price is too high.
The Pakistani government has struck a deal with Iran to import gas in the hope of relieving the country's energy crisis, especially the shortage of electricity. Gas is used to fire many of Pakistan's power plants.
But the Islamabad-based Sustainable Development Policy Institute says in a report released today that the contract with Iran means the gas sold to Pakistan will likely be several times more expensive than the domestic gas currently used in the country's power plants.
The deal comes despite US opposition. Pakistan could face US sanctions for importing Iranian gas.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 23 2013 | 8:57 PM IST

Next Story