TEHRAN — Iran and Pakistan formally signed on Sunday an export deal which commits the Islamic republic to supplying its eastern neighbour with natural gas from 2014.
The contract is the latest step in completing a multi-billion dollar gas pipeline between Iran and Pakistan within the next four years.
“This is a happy day,” Iran’s Deputy Oil Minister Javad Ouji told reporters at the contract signing ceremony in Tehran.
“After decades of negotiations, we are witnessing today the execution of the agreement… to export more than 21 million cubic metres (742 million cubic feet) of natural gas daily from 2014 to Pakistan,” he added.
He said that from Monday, Iran will start building the next 300-kilometre (187.5 miles) leg of the pipeline from the southeastern city of Iranshahr to the Pakistani border, through the Iranian port of Chabahar.
Iran has already constructed 907 kilometres of the pipeline between Asalooyeh, in southern Iran, and Iranshahr, which will carry natural gas from Iran’s giant South Pars field.
