The National Iranian Gas Company’s decision to appeal to the International Court of Arbitration over Pakistan’s procrastination to complete the Iran-Pakistan Gas Pipeline Project — aka Peace Pipeline — is a wise measure, a board member at the Iran International Energy Studies Institute, affiliated to the Oil Ministry, said.
“Islamabad has long been providing NIGC with lame excuses in breach of the terms of a gas import contract it signed with Iran in 2009. Enough is enough and filing a formal complaint against Pakistan should be a priority,” ILNA also quoted Mehran Amir-Moeini as saying.
“Tehran has asked Islamabad to carry out a segment of the IP gas pipeline project on its territory by February-March 2024, or pay a penalty of $18 billion,” he added, noting that the momentous decision is totally right as the neighbor has no intention to import gas from Iran.
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