Peace Pipeline or Pipedream?
The proposed US$7 billion Iran-Pakistan-India (IPI) 2720 km gas “peace pipeline” project is expected to take three to five years to complete. While Pakistan’s demand for gas will expand significantly over the next two decades, India’s need is far more. Presently using 100 million cubic metres per day, this will double in the next 7-8 years. With decline in its reserves India estimates using 400 million cubic meters of gas per day by 2025, almost four times more than in 2005. Having the world’s second largest gas reserve, Iran is the most geographically convenient supplier of gas to both Pakistan and India.
