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Natural gas prices, bone of contention in Iran-India-Pakistan negotiations

TEHRAN, July 12 (Mehr News Agency) -- Iran's deputy oil minister said Wednesday, the natural gas prices are the most important issues in the trilateral gas deal negotiations between Iran, India and Pakistan.

Natural gas prices still remain the main bone of contention in the negotiations being carried out between the three nations noted, Mohammad Nejad-Hosseinian adding, however, "we should wait and see the results of the next round of the talks that are to resume in August."

An Indian Oil Ministry official had earlier said that the August meeting to be attended by the three nations' deputy oil and energy ministers would be the last session of the talks over the gas deal.

India calls for the purchase of 90 million cubic meters of gas per day from Iran to be transferred through a 2,100-kilometer pipeline and Pakistan has put its daily demand for the commodity at 60 million cubic meters.

Iran has offered its gas to be valued on the basis of the 10 percent of the Brent oil prices, which is equal to $7.2 per one million BTU with an annual increase of three percent but, India has proposed the $4.25 for each

... Payvand News - 7/13/06 ... --

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