Iran News ...


04/10/08

Peace Pipeline talks to resume

Press TV -- India's Petroleum and Natural Gas Minister Murli Deora will arrive in Pakistan on April 21 to resume the 'Peace Pipeline' negotiations.

Pakistan's Federal Minister for Petroleum and Natural Resources, Khawaja Muhammad Asif, has formally invited his Indian counterpart for talks on the issue of "transit fees" regarding Iran's gas sent to India via Pakistan, the Daily Times reports.

Although Pakistan and Iran have finalized the Gas Sales Purchase Agreement (GSPA), India abstained from talks saying it wanted to resolve the transit fee issue before entering into any fixed agreement.

The Iran-India gas pipeline, also known as the Peace Pipeline, is a proposed 2,775 kilometer pipeline to carry Iran's natural gas to Pakistan and India.

The $7 billion project that will take three to five years to construct is expected to benefit both India and Pakistan, which do not have sufficient natural gas to meet their rapidly increasing energy needs.

... Payvand News - 04/10/08 ... --



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