China to Build Pipeline From Iran to Pakistan

[jakeXT]

Source: WSJ

ISLAMABAD—China will build a pipeline to bring natural gas from Iran to Pakistan to help address Pakistan’s acute energy shortage, under a deal to be signed during the Chinese president’s visit to Islamabad this month, Pakistani officials said.

The arrival of President Xi Jinping is expected to showcase China’s commitment to infrastructure development in ally Pakistan, at a time when few other countries are willing to make major investments in the cash-strapped, terrorism-plagued country.

The pipeline would amount to an early benefit for both Pakistan and Iran from the framework agreement reached earlier this month between Tehran and the U.S. and other world powers to prevent Iran from developing nuclear weapons. The U.S. had previously threatened Pakistan with sanctions if it went ahead with the project.

“We’re building it,” Pakistani Petroleum Minister Shahid Khaqan Abbasitold The Wall Street Journal. “The process has started.”

Read more: http://www.wsj.com/articles/china-to-build-pipeline-from-iran-to-pakistan-1428515277

[cosmicone]

1. Another thing for Pakstan's various terrorist

groups to blow up.

[project_bluebook]

2. With the help of all the free trade agreements in the past

China has now taken over as the go to country when it comes to economic expansion. Bye bye the banana republic USA.

[jakeXT]

5. Larry Summers mentioned it

On Monday, we published Larry Summers' latest op-ed in The Washington Post, which opened with the former Treasury Secretary and Harvard president writing, "This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system."

What Summers is referring to is the creation of the Asian Infrastructure Investment Bank, a new banking consortium led by China that will back investment in Asian and emerging-market economies. This bank serves as a direct challenge to the World Bank and the IMF, the traditional sources of international funding, and organizations in which US economic interests have a strong voice.

Read more: http://uk.businessinsider.com/larry-summers-on-asian-infrastructure-investment-bank-2015-4

[Bosonic]

3. China may build rail tunnel under Mount Everest, state media reports

China may build rail tunnel under Mount Everest, state media reports

China is considering extending a railway line linking the country to Nepal via a tunnel under Mount Everest, according to Chinese state media.

The proposal is the latest in a series of ambitious rail schemes Beijing is reportedly examining. It comes amid scepticism about whether some of the projects will ever get off the ground and at a time of a growing Chinese presence in Nepal, which has caused some concern in rival regional power India.

The Qinghai-Tibet railway already links the rest of China with the Tibetan capital, Lhasa, and beyond, and an extension running as far as the international border is already being planned “at Nepal’s request”, the China Daily quoted a railway expert at the Chinese Academy of Engineering as saying.

The project is expected to be completed by 2020, the newspaper cited a Tibetan official as saying. Extending the line would potentially forge a crucial link between China and the huge markets of India. It was raised by the Chinese foreign minister, Wang Yi, on a visit to Kathmandu in December, according to Nepalese reports. “The line will probably have to go through Qomolangma so that workers may have to dig some very long tunnels,” railway expert Wang Mengshu told the China Daily, referring to Mount Everest by its Tibetan name.

http://www.theguardian.com/world/2015/apr/09/china-may-build-rail-tunnel-under-mount-everest-state-media-reports

[ChairmanAgnostic]

4. short pipeline, given their locations.

[jakeXT]

6. Once it works you could always expand it /nt