Pak, Iran ink deal on gas pipeline project - India News and Travel Times Provides India-centric and other News and Features

Pakistan and Iran have inked a deal on the gas pipeline project in Istanbul, Turkey. According to a private television channel, Pakistan Petroleum Secretary Kamran Lashari has signed the agreement on the project, which is expected to be completed by 2013. The two countries signed the Heads of Agreement and certain condition precedents to make the Gas Sales Purchase Agreement (GSPA) effective, The Daily Times reports. Under the GSPA, Iran will provide 750 million cubic feet of gas to Pakistan per day for the next 25 years, which will be used to generate 4,000 megawatts of electricity in the country.