Chinese state firm China Petroleum Pipelines Bureau (CPP) is set to be awarded the contract to build the US$2.5 billion Gwadar liquefied natural gas (LNG) and the Iran-Pakistan gas pipeline in November.
Interstate Gas Systems (ISGS), who opened the technical bid for the construction of projects, announced the news yesterday.
Mubeen Saulat, ISGS Managing Director, said that CPP has submitted technical and commercial bids in accordance with the Public Procurement Regulatory Authority (PPRA) rules.
CPP will build the 700 km long Gwadar to Nawabshah pipeline.
It will also construct the terminal with a capacity to handle 500 million ft3/d of LNG and a floating storage gasification unit.
The long-awaited IP pipeline
The pipeline and terminal will pave the way for executing the Iran-Pakistan (IP) gas pipeline project.
“This is a significant development that shows Pakistan is serious about kicking off work on the IP pipeline, but its implementation hinges on lifting of global sanctions against Iran,” said Saulat.
Edited from various sources by Elizabeth Corner
Sources: Dawn, The Express Tribune