Iran's share of export to Pakistan's market was less than one percent and considering Pakistan's need for energy, it is a good market for Iran's energy export, said Iranian energy expert Behrouz Namdari, Trend reports citing ILNA.
"Pakistan's situation has changed compared to the past and Saudi Arabia, Qatar, the US and Russia seek to build LNG terminals in this country," he said.
He also pointed out that Pakistan has a more liberal mechanism for purchasing energy.
"Saudi Arabia decided to set up a $10-billion oil refinery in Karachi while it was previously expected to be built in Gwadar port of Pakistan and change of refinery location could be a possible outlook for Iran's energy export and trade with Pakistan and eastern markets," Namdari said.
"Hopefully, by reconsidering contracts, we could move in a way to solve the issue of payments," he said.
"The issue of building infrastructure for gas transmission has been resolved, and establishing of a fund for payments solved this problem to some extent," said the expert.
"About 20 percent of Pakistan's population doesn't have access to energy, therefore it is a good market for Iran's export, but the country needs to solve the issue of returning export revenues," he said.