Pakistan signs purchase agreement for Iran gas pipeline -oil min

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Pakistan's Oil Minister Asim Hussain (R) listens to a question as his Indian counterpart S. Jaipal Reddy looks on during their joint news conference in New Delhi January 25, 2012. REUTERS/Adnan Abidi

Pakistan's Oil Minister Asim Hussain (R) listens to a question as his Indian counterpart S. Jaipal Reddy looks on during their joint news conference in New Delhi January 25, 2012.

Credit: Reuters/Adnan Abidi

NEW DELHI | Wed Jan 25, 2012 7:35am GMT

NEW DELHI (Reuters) - Pakistan has signed an agreement for purchase of gas from Tehran under the proposed Iran-Pakistan-India pipeline, its Oil Minister Asim Hussain said on Wednesday.

Pakistan is working on several projects to meet its rising gas demands, including a multi-billion dollar gas pipeline project that will pump natural gas from Iran.

The country sorely needs energy to feed shortfalls in its power sector and has said it plans to secure LNG by mid-2012 , but experts said without existing terminals it may have difficulty doing so.

(Reporting by Nidhi Verma; Editing by Krittivas Mukherjee)
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