Energy-starved�Pakistan�has convinced Iran to step back from demanding $200m a month from January 1 to compensate for Islamabad�s failure to begin receiving�gas from Iran�s South Pars�gasfield, according to the country�s minister for petroleum.
Pakistan has in the past said the Iranian gas is the cheapest option available as its own reserves in the country�s south and southwest dry up. However, officials have complained of continuing US pressure on Islamabad to keep the arrangement with Iran on hold until US-led international sanctions on Tehran are lifted.
The �new understanding� between the countries revealed by Shahid Khaqan Abbassi removes for now a �take or pay� obligation on Pakistan to compensate Iran whether or not it receives anything under a contract linked to the�pipeline.


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