Iran and India in gas pipeline talks

Energy ministers from Iran and India have voiced hope that negotiations will be wrapped up soon on a proposed $4.5-billion pipeline between the two countries.

    The multi-billion dollar pipeline will run through Pakistan

    The pipeline is expected to run through Pakistan.

    Iran's Energy Minister Bijan Namdar Zanghaneh and his Indian counterpart Mani Shankar Aiyar also discussed on Saturday a deal for Tehran to deliver gas to India and plans for an Indian role in developing oil and gas fields in Iran, news agencies reported.

    "Negotiations are progressing well on developing oil cooperation between the two countries," Zanganeh was quoted as saying by the Iranian Student's News Agency.

    Shortly concluded

    "The two ministers voiced hope that these negotiations [on the Iran-India pipeline] will be finalised in the near future," the agency added.

    The 2600-km overland gas pipeline project with an estimated cost of about $4.5 billion has been strongly opposed by the United States because of its concern about Tehran's nuclear programme.

    "Negotiations are progressing well on developing oil cooperation between the two countries"


    Bijan Namdar Zanghaneh,
    Iran energy minister 

    Negotiations for the pipeline began in 1994, but made little headway because of tensions between Pakistan and India, which have fought three wars since gaining independence in 1947 from Britain.

    But since January 2004, the two countries have been engaged in a peace process, and relations appear to be at their best in years.

    Offshore fields

    The pipeline will supply gas from the massive South Pars offshore fields in the Gulf.

    The two countries have also finalised an agreement for Iran to deliver 5 million tonnes of gas to India over 25 years, and are in talks for the supply of another 2.5 million tonnes, according to the Shana news agency which is linked to the Oil Ministry.

    The ministers also held talks on India taking a 20% stake in the development of the Yadavaran oilfield in the southwestern province of Khouzistan, Shana reported.

    Aiyar voiced interest in India taking part in one or two phases of the South Pars field and the onshore Jofeir field, the agency said.

    SOURCE: AFP


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.