Post
Topic
Board Economics
Merits 1 from 1 user
Re: Russian Gas ban - A problem for Europe or suicide for Russia?
by
Sithara007
on 08/09/2022, 11:48:27 UTC
⭐ Merited by WatChe (1)
May be its becasue of this there is interesting development going on between Iran and Pakistan as Iran offered Pakistan to complete much delayed gas pipeline. This gas pipeline can solve Pakistan energy crisis but only due to usa pressure Pakistan is not completing this project. The result is energy crisis and huge prices of electricity.
While on one side EU are asking Russia to resume gas supply and on other hand they creating hurdles worldwide on such project's which can solve other countries energy crisis.
This summer price of electricity is increased further and we pay almost 20 to 30 percent as electricity bill of our earnings. If Pakistan buy cheap electricity and gas from Iran much of our electricity issues can be resolved.

https://dailytimes.com.pk/993365/iran-offers-completion-of-gas-pipeline-project-with-pakistan/

The original plan (which was suggested two decades ago) was to transfer Iranian gas to India through Pakistan. If this project was implemented, it would have been immensely beneficial for Pakistan, as they will get billions of USD in transit fees in addition to extremely cheap Iranian natural gas. It got stuck after the terrorist incidents in India and as the relations between both the countries got cold. Iranian gas gets wasted (flared) now, as they don't have any pipelines or LNG terminals to export it to other countries.