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Tuesday, May 15, 2012

''Gazprom backing out of Iran-Pakistan pipeline?''

From Pakistan Today


''We’re well into May, well past the April 30 deadline for Russian energy giant Gazprom’s final yes or no on the Iran-Pakistan pipeline, rightly causing serious concern in Islamabad. Pakistan’s financing problems have already caused serious delay, constraining its ability to complete its part of the pipeline before the agreed Dec ’14 deadline. According to sovereign guarantees, Pakistan is liable to pay $1m per day in case of overshooting the scheduled completion date.''

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