ISLAMABAD: Pakistan has made fresh offer to Iran for talks over theIran-Pakistan gas pipeline that was earlier abandoned by the government.
A senior official at Petroleum Division (Ministry of Energy) said relevantquarters have been extended an invitation in Tehran to pay a visit toIslamabad in current months before coming of Ramazan and hold talks on theIP gas pipeline project, reported *The News.*
He shared the Prime Minister Shahid Khaqan Abbasi had instructed thePetroleum Division to send an invitation to Iranian authorities fornegotiating regarding the IP pipeline project.
Pakistan is facing another international arbitration case as Iranthreatened to take the country to The Hague for unilaterally shelving theIran-Pakistan gas pipeline.
Iran is invoking the penalty clause of the gas sales purchase agreement(GSPA) signed between the two countries in 2009*.*
It was reported at end of February 2018 that Iran sought $1.2 billion indamages as per the penalty clause from January 1, 2015. As per theagreement, if Pakistan didn’t take gas supplies from Iran, it is bound topay a fine of $1 million per day, a top official of Petroleum Division said.