Pakistan has asked Iran for $2 billion in financing to build its side of a controversial gas pipeline that has drawn threats of U.S. sanctions, Islamabad 's petroleum minister said Tuesday.

The Iranian side of the $7.5-billion project is almost complete, but Pakistan has run into repeated problems paying for the 780 kilometer (485 mile) section to be built on its side of the border.

Pakistani petroleum minister Shahid Khaqan Abbasi told AFP on Tuesday that the preparatory work was complete, but they had asked Iran to provide $2 billion for the construction work.

"All these issues will be discussed in a meeting which we have requested, but so far there is no reply from the Iranian side," Mr. Abbasi said.

"They were busy in cabinet formation and I hope that this meeting will take place within this month."

It is the latest setback to hit the long-delayed section of the pipeline that would link the two neighbors and help ease Pakistan 's chronic gas shortages.

U.S. officials have warned that the project would risk triggering sanctions aimed at Iran .

But Mr. Abbasi denied coming under pressure from Washington since Prime Minister Nawaz Sharif came to power in the May general election.

"Americans have not so far talked about this pipeline with us at any level," he said.

Asked if Pakistan was hoping to complete the project before the December 2014 deadline, Mr. Abbasi replied: "Anything is possible, if we have the resources."

"It depends on the financing and availability of the machinery," he said.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr

Διαβάστε ακόμα