Iran News ...


6/24/05

Britain backs Iran gas pipeline project: Pak daily

Islamabad, June 24, IRNA-The United Kingdom supports the proposed gas pipeline from Iran to India through Pakistan, said a Pakistani newspaper on Friday.

Daily Times reported that British High Commissioner Mark Lyall Grant stated this here on Thursday while addressing a round-table on British and Pakistani economic relations.

He maintained that the proposed multi-billion dollar project was a win-win project, the report added.

He said India and Pakistan needed new sources of energy for their developing industries and the project would be feasible for all three countries.

There has been some progress towards agreeing on a workable formula to construct the pipeline, idea for which surfaced in the mid-90s. But no headway could be made to realise it, mainly due to longstanding differences between Pakistan and India on Kashmir problem.

However, after the peace process between Islamabad and New Delhi started in February last year, there have been frequent visits by all the three stakeholders, discussing the project.

Reacting to the United States' opposition to the project, India has said that it would go ahead with the pipeline idea while Pakistan maintained that the government would take the final decision in best national interest.

Reports suggest that a final agreement among the three countries is expected to be signed by the end of the current year.

For talks with Pakistan authorities, Iranian Oil Minister Bijan Nadmdar Zanganeh is expected in Islamabad within two weeks.

Recently, Indian Oil Minister Mani Shankar Aiyar visited Pakistan and held talks with his Pakistani counterpart Amanullah Jadoon.

... Payvand News - 6/24/05 ... --



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