BUSINESS

News Summary: Pakistan, Iran to pursue gas project

Staff Writer
Columbus CEO

SEEKING JUICE: Energy-starved Pakistan will push forward with a controversial pipeline to import natural gas from neighboring Iran, a project that may incur international sanctions due to Iran's nuclear program.

ANOTHER PITCH: The pipeline to link Iran's gas fields with Pakistan contrasts with an alternate U.S. proposal to build a pipeline from the gas fields of Turkmenistan to Afghanistan, Pakistan and India.

STICKING POINT: Most of the Iranian side of the pipeline is believed to be done, but Pakistan has yet to build about 780 kilometers (500 miles) of pipeline necessary for the project, and doubts remain about how Pakistan could raise the $1.5 billion-plus needed to construct the pipeline.