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Nikkei Asia (2 September 2024)

ADNAN AAMIR

Iran has slapped Pakistan with a final notice to finish its part of a cross-border gas pipeline or face international arbitration, and possibly billions of dollars in fines.

Tehran's warning is the neighbors' latest flare-up over the long-delayed 1,900-kilometer (1,180-mile) pipeline, a project seen as critical to Pakistan's energy needs as its own proven gas reserves are set to run dry in a little over a decade.

Iran has said it spent $2 billion building its 1,150-kilometer share of the pipeline, inaugurated in 2013, but Pakistan's portion remains unbuilt due to U.S. sanctions against Tehran over its nuclear program.

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