Iran has said it may cancel its high-profile, US$7-billion ‘peace pipeline’ project with Pakistan over lengthy construction delays, with would deprive energy-starved Pakistan of the some 22 million cubic meters of gas a day it would have received from its neighbor. If negotiations fail to come up with a way to feasibly realize the project, Iran’s National Gas Company Head Hamid Reza Araqi said on Friday that the project could be cancelled entirely. The project has already undergone 15 years of negotiations, beginning as the Iran-Pakistan-India gas pipeline project. Pakistan and Iran finally signed the initial agreement in 2009 , while India withdrew from the deal. The deal was signed by Pakistani President Zardari and Iranian President Mahmoud Ahmedinejad. In accordance with this deal, Iran was to provide 22 million cubic meters per day of gas. Pakistan was slated to begin importing Iranian gas imports in early 2015 , […]