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Federal cabinet okays purchase of Iranian natural gas

ISLAMABAD: The Federal Cabinet Wednesday accorded approval to construction of Pakistan-Iran gas pipeline and gave the go ahead for purchase of 750 million cubic feet gas from Iran to fulfill the growing local requirements.

The cabinet, which met here with Prime Minister Yousaf Raza Gilani in the chair, also decided to make gas import agreement with Iran and utilise the imported gas for power generation in place of furnace oil which would prove about 40 percent economical, said Minister for Information and Broadcasting, Qamar Zaman Kaira.

Briefing the media about the decisions of the cabinet meeting here at the National Press Club (NPC), he said the Cabinet called for aggressive planning for exploration of natural resources so that the country’s dependence on import of oil and gas could be reduced.

Source: Daily Times

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