Pakistan needs energy help from Iran
ISLAMABAD, PAKISTAN - Tehran and Islamabad should move in harmony to expand bilateral energy relations as Pakistan struggles to overcome a looming energy crisis, officials say.
Islamabad and Tehran in June signed a bilateral deal for the proposed 1,724-mile Iran-Pakistan-India natural gas pipeline. Pakistan would receive 750 million cubic feet per day from the South Pars gas field in Iran to generate electricity under the terms of a 25-year deal.
Mian Shaukat Masud, the president of the Islamabad Chamber of Commerce and Industry, told a delegation from Tehran that Iran should increase energy exports to Pakistan, the Pakistani newspaper News International reports.
Pakistan is facing an acute energy crisis, he said, and Iran should enhance its exports to help Pakistan overcome power shortages.
He added trade between the two countries has yet to reach its full potential on a variety of fronts, as Iran has expressed interest in expanded electricity exports as well.
Iran agreed to a recent deal to extend a $55 million line of credit to Pakistan for transmission lines for 1,000 MW of electricity.
IPI overcame key hurdles with the June agreement, though pricing terms and security concerns continue to hamper development.
Related News
Should California Fund Biofuels or Electric Vehicles?
CALIFORNIA - California is at the forefront of the transition to a greener economy, driven by its ambitious goals to reduce greenhouse gas emissions and combat climate change. As part of its strategy, the state is grappling with the question of whether it should subsidize out-of-state biofuels or in-state electric vehicles (EVs) to meet these goals. Both options come with their own sets of benefits and challenges, and the decision carries significant implications for the state’s environmental, economic, and energy landscapes.
The Case for Biofuels
Biofuels have long been promoted as a cleaner alternative to traditional fossil fuels like gasoline…
