The project to implement a major gas deal between  Iran and Pakistan was finalized today in Tehran the  presence of Iran’s oil minister, Seyyed Massoud  Kazemi.

According to IRIB, the project planned in the 1990s  at an estimated cost of $4.5 billion is now going to    cost around $7 billion.

If the pipeline becomes operational, Pakistan is expected to receive 750 million cubic feet of gas daily for the next 25 years, with capacity of the pipeline set to be increased to one billion cubic meters per day.

The gas will be transferred from Iran’s South Pars Gas field in the Persian Gulf to Pakistan’s southern provinces of Baluchestan and Sindh.