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Gazprom keen on Iran-Pakistan pipeline

Press TV - Gazprom is interested in participating in a pipeline project to carry Iranian gas to Pakistan, a Russian daily cites company and government officials as saying.

"We are ready to join the project as soon as we receive an offer," Russian deputy energy minister Anatoly Yankovsky told the Kommersant daily.

The Russian newspaper cited another top Russian official as saying that for Moscow the pipeline is a means to redirect Iranian gas from competing with Russian gas exports to Europe.

"This project is advantageous to Moscow since its realization would carry Iranian gas toward South Asian markets so that in the near future it would not compete with Russian gas to Europe," Kommersant quoted the government official as saying.

The initial agreement of the USD 7.5B Iran-Pakistan-India gas pipeline, also known as the Peace Pipeline, was signed earlier this week in Tehran.

Iran says via the pipeline it will deliver eight billion cubic meters of natural gas to Pakistan annually.

Russian exports satisfy over one-quarter of Europe's gas demand, but the European Union has sought to reduce this reliance with the construction of the Nabucco pipeline to pump Caspian Sea gas to Europe, bypassing Russia.

Nabucco gas pipeline

The Iran-Pakistan pipeline could deprive the Nabucco project of one possible source for gas supplies.

The 900-kilometre pipeline is under construction between Asalouyeh and Iranshahr near the Pakistan border in southern Iran and will carry gas from Iran's South Pars field.

... Payvand News - 05/28/09 ... --

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