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5/1/03

India's Petroleum Minister to visit Iran to seal natural gas deal

India's Petroleum Minister Ram Naik will visit Tehran soon to finalize a deal to import natural gas from Iran in the form of LNG as also seek oil fields for development, IRNA reported.

Also on the agenda would be the review of natural gas pipeline from Iran to India.

"I would be visiting Iran on May 12-13. Discussions would mainly focus on exploring possibility of importing LNG as also to review the progress of feasibility study for laying Indo-Iran pipeline via sea as well as land route", Naik told reporters here.

We are interested in taking oil fields. If Iran can give some more on nomination basis, it would add to India's energy security, Naik said.

Tehran has mandated BHP of Australia to study the possibility of constructing a gas pipeline from South Pars gas field in Iran to India across Pakistan.

Iranian Oil Minister Bijan Namdar Zanganeh, on a visit to New Delhi in January, also offered Indian national oil firms equity in its South Pars gas field apparently in exchange of New Delhi buying 2.5 million tonnes per annum of LNG.

... Payvand News - 5/1/03 ... --



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