Search:



The Web

Rediff








 Latest Business news on mobile: sms BIZ to 7333

Home > Business > PTI > Report


Indo-Iran pipeline full of risks: PM

July 21, 2005 12:16 IST
Last Updated: July 21, 2005 12:29 IST


Observing that the proposed multi-billion dollar Indo-Iran gas pipeline via Pakistan is fraught with risks, Prime Minister Manmohan Singh said he did not know if any international consortium of bankers would underwrite the project.

"Only preliminary discussions have taken place (on the pipeline). We are terribly short of energy supply and we desperately need new sources of energy. That's is why we have agreed to explore the possibility of the pipeline with Pakistan," he told The Washington Post on Wednesday when asked about the discussions on building a gas pipeline with Iran.

"But I am realistic enough to realise that there are many risks considering all the uncertainties of the situation in Iran. I don't know if any international consortium of bankers would probably underwrite this. But we are in a spate of preliminary negotiations, and the background of this is we desperately need the supply of gas that Iran has," the Prime Minister said.

Asked whether India can use its new relationship with the US to help the country on relations with Iran, Singh said, "We are entirely one with the rest of the world, that countries which take solemn international obligations, must honour those obligations...Our interest would be to work with other like-minded countries so that a constructive solution can be found for the problems that Iran has, and the world community is expressing about Iran."

Singh, however, expressed hope that India could act as a bridge between US and Iran.

"We have strong civilisational links with Iran. Also, I would say that Iran is the largest Shia Muslim country in the world. We have the second largest Shia Muslim population in our country...and I do believe (with) that part of our unique history, we can be a bridge," he said.


7333: The Latest News on Your Mobile!

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments


 What do you think about the story?




Read what others have to say:


Number of User Comments: 6




Sub: Indo-Iran gas pipeline

The gas pipeline is a good idea in theory but not in practice given the volatile region and India’s shaky relations with Pakistan. It would ...


Posted by Chandra





Sub: Risks to a “lifeline”

It is intriguing that while talking about building a gas pipeline with Iran the PM should be mentioning the many risks “considering all the uncertainties ...


Posted by Giri Girishankar





Sub: IPI gas pipeline

This is in connection with July 13, 2005 and July 21, 2005 report on Iran- India gas pipeline. As Mr Prime Minister Manmohan Singh said ...


Posted by Mahesh Bhalerao.





Sub: Changing tunes

Just yesterday, our PM was so positive about the project. He even said that no unrelated country should interfere. Now, today he is singing a ...


Posted by Tushar





Sub: Indo Iran Pipeline

It is sheer stupidity to trust Pakistan and bring gas through its territory.Pakistan has a great history of treachery and stabbing us in back .Manishankar ...


Posted by Deepak Deshpande




Disclaimer




Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article









Copyright © 2005 rediff.com India Limited. All Rights Reserved.