Iran News ...


9/10/07

Iran-India in final talks over peace pipeline

TEHRAN, Sep. 08 (ISNA)-Tehran-New Delhi peace pipeline talks are in final stage. Previously Iran and Pakistan have also held their expert level bilateral meeting in Islamabad and agreed on 30 articles.

That is while the Indian and the Pakistani sides' disagreement on gas transit fee have caused the talks' other levels to face a delay.

Iran's oil ministry caretaker Gholam Hussein Nozari noted "the talks are time-consuming because it is a long-term agreement and the three countries try to best serve their own interests, I believe the two other sides are also determined to reach a conclusion soon."

The Iran-India-Pakistan gas pipeline, also known as the Peace pipeline, is a proposed 2,775 km gas pipeline project to deliver natural gas from Iran to Pakistan and India. The project is expected to take three to five years to complete and would cost $7 billion.

The project is expected to greatly benefit both India and Pakistan which do not have sufficient natural gas to meet their rapidly increasing domestic demand for energy.

India is predicted to require 400 million cubic meters of gas per day by 2025, up from 90 million cubic meters per day in 2005.

The pipeline is proposed to start from Asalouyeh stretching over 1100 kilometers in Iran itself. In Pakistan, it will pass through Baluchistan and Sind. The total cost of the project was estimated to be over $ 7 billion in 2006. The 2,600-kilometer pipeline from Iran's giant South Pars gas field will initially carry around 60 million standard cubic meters per day of gas.

The deal reached a setback on July 16, 2006 when Iran demanded a price of 7.2 dollars per mBtu of gas against India's offer of 4.2 dollars per mBtu.

India and Pakistan finally agreed in February 2007 to pay Iran $4.93 per million British thermal units for its gas but some details relating to price adjustment remained open to further negotiation.

... Payvand News - 9/10/07 ... --



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