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Rediff.com  » Business » Indo-Iran gas pipeline deal by June

Indo-Iran gas pipeline deal by June

Source: PTI
February 11, 2005 13:47 IST
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India may ink an agreement with Iran in June this year on the import of natural gas through a $4.5 billion pipeline transiting through Pakistan.

"I am going to Tehran in June and hope this would act as a catalyst in furthering an agreement on import of natural gas through pipeline passing through Pakistan," Petroleum Minister Mani Shankar Aiyar told reporters after meeting Iranian Ambassador Siyavash Zaragar Yaghoubi in New Delhi.

The agreement with Tehran will be for the delivery of natural gas on the Indian border and New Delhi would not be associated with the construction, maintenance or operation of the 2775-km pipeline, 760-km of which would be in Pakistan.

"There will be two sets of bilateral agreements. In the first one, Iran will enter into a pact with India for delivery of natural gas at Indian borders while the second would be between Iran and Pakistan on how the gas is to be transported to the Indian border," Aiyar said.

New Delhi would not enter into any agreement with Pakistan and deal only with Iran on the issue. It would be Tehran's responsibility to court Pakistan for the laying of the pipeline and safe delivery of gas on the Indian border.

Earlier this week, the Union Cabinet had mandated the petroleum ministry to enter into dialogues with gas-rich nations like Iran and Myanmar for the import of natural gas through pipeline.

Aiyar's ministry was also authorised to talk to Pakistan and Bangladesh whose territory will be used as transit for the pipelines.
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