Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Natural Gas

Iran withdraws $500 mil funding offer to Pakistan for gas pipeline project

Dry Freight

Interview: Andrew Benjamin, Norvic Shipping

Natural Gas | Natural Gas (North American) | Crude Oil

Platts Upstream Indicator

Commodities | Electric Power | Electric Power Risk | Renewables | Natural Gas | LNG | Natural Gas (North American) | Refined Products | Fuel Oil | International Public Finance

Caribbean Energy Conference

Natural Gas

Bangladesh terminates FSRU talks with India's Reliance Power

Iran withdraws $500 mil funding offer to Pakistan for gas pipeline project

Iran has said that it would not be able to finance the Iran-Pakistan gas pipeline project, Pakistan's Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi told reporters on Thursday evening.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Following his visit to Tehran over December 8-9, Abbasi said Iran expressed its inability to provide the funding it had offered earlier in two tranches of $250 million each to build Pakistan's portion of the gas pipeline.

"However, we are committed and will make the IP gas pipeline," Abbasi said, adding that Iran was ready to supply the gas once the pipeline is completed. Iran has already invested $2 billion to build its part of the pipeline.

Pakistan, however, is finding it tough to find the funding for its part of the pipeline due to US sanctions against Iran which makes financiers and contractors wary of joining the project.

Working groups from both countries would meet next week to consider different parameters in an attempt to keep the project going, Abbasi said, adding that details were expected to be finalized within two months.

--Haris Zamir,
--Edited by E Shailaja Nair,