In a new development, Iran has put Pakistan in a difficult situation as Tehran has not shown seriousness about Pakistan laying a pipeline on its soil as part of the IP gas line project. issued a third notice renewing its intention to approach the arbitral tribunal. The project has been delayed since 2014.
Top government officials told The News that Pakistan received the latest notice about 10 days ago. Iran had earlier in its second notice in November-December 2022 asked Pakistan to construct a part of the Iran-Pakistan (IP) petrol project on its soil by February-March 2024 or face a fine of $18 billion.
Be prepared for Earlier, in February 2019, Tehran sent a notice to Islamabad to go to the arbitration court for not laying the pipeline on the territory of Pakistan within the stipulated period under the IP gas line project and the Gas Sales Purchase Agreement (GSPA). threatened to invoke the penalty clause.
GSPA was signed in 2009 for 25 years but the plan did not materialize. Pakistan maintains that due to the US sanctions on Iran, it cannot implement the project in its territory, which the authorities in Tehran have never accepted, saying that the US sanctions are not justified in the first place. Iraq and Turkey have long been consuming gas from Iran as they have secured exemptions from US sanctions.
Delay in IP gas line project Iran issues third notice to Pakistan
