IRAN - PAKISTAN GAS PIPELINE
Accopding to NATURAL GAS ASIA, the Iran-Pakistan (IP) gas pipeline will be complete by 2018.
Pakistani oil minister Mr. Shahid Khaqan Abbasi told this to reporters after attending an event in Islamabad.
The pipeline project has been stuck for years now because of sanctions on Iran. Pakistan has not been able to build the pipeline on its soil due to lack of funding. Iran has already built 900 km length of the pipeline on its territory while Pakistan still has to start work on the pipeline that would traverse its territory.
About 250 million cubic feet gas would be imported from Iran during first year, while in the second year the import of gas would be enhanced to 500 million cubic feet while in the third year 750 million cubic feet gas would be imported.
Iran and Pakistan have discussed the project on many occasions since sanctions on Iran were lifted earlier this year. Islamabad has repeatedly said that it is committed to finishing the project but not much has happened on the ground as raising money for the project still remains a problem.
|March, 18, 11:45:00|
|March, 18, 11:40:00|
|March, 18, 11:35:00|
|March, 18, 11:30:00|
|March, 18, 11:25:00|
|March, 18, 11:20:00|
PENNENERGY - Siemens Gamesa Renewable Energy has secured orders for the supply of 39 onshore wind turbines in France, with aggregate capacity of 104 MW, at five wind farms being developed in the regions of Hauts de France, Grand Est, Burgundy and in Western France.
FRB - Industrial production rose 1.1 percent in February following a decline of 0.3 percent in January. Manufacturing production increased 1.2 percent in February, its largest gain since October. Mining output jumped 4.3 percent, mostly reflecting strong gains in oil and gas extraction.
PLATTS - NYMEX Apr natural gas little changed at $2.678/MMBtu
BAKER HUGHES A GE - U.S. Rig Count is up 6 rigs from last week to 990, with oil rigs up 4 to 800, gas rigs up 1 to 189, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 54 rigs from last week to 219, with oil rigs down 52 to 144 and gas rigs down 2 to 75.