October 07, 2008

Pakistan to get USD 148 million gas transit fee from India

The Dawn reported that Pakistan hopes to soon conclude an agreement with India on the transit fee for transmission of natural gas from Iran to India through a gas pipeline running through its territory.

As per report, Pakistan expects India to agree on 40 cents per million British thermal unit transit fee for the Iran Pakistan India gas pipeline, generating around USD 148 million per annum from India.

Mr Khawaja Asif Pakistan’s petroleum minister said that ''Progress has been made on the gas transit fee issue between India and Pakistan and the two countries would soon sign the gas transit agreement.'' He added that the two countries have completed 5 to 6 communicative exchanges during recent days and all matters regarding the gas transit fee agreement would be settled within the next few days.

The Iran Pakistan India gas pipeline project plan got a shot in the arm when the Iranian president made a brief stop over in Delhi last week on his way to Sri Lanka.