The government will end Gas Authority of India's monopoly over laying natural gas pipelines by allowing private sector firms in gas transportation business, Petroleum Minister Mani Shankar Aiyar said on Thursday.
Stating that Pakistan can serve as a 'hub of economic activity' in the region by developing energy corridors, President Pervez Musharraf has offered to extend the proposed multi-billion-dollar Iran-Pakistan-India gas pipeline to China.\n\n
'We are ready to allow transit facilities and also foolproof security but India will have to deal with Kashmir issue in an equitable and peaceful manner,' the Pakistani president said.
'The next two to three weeks will not be decided in Washington.' 'They will be decided in Tehran, in whatever calculation Iran makes about the costs of continued resistance against the costs of appearing to have yielded.'
'There is no shortage of fuel whatsoever.' 'India is stock surplus as far as petrol and diesel are concerned.'
While investors would focus on the results and guidance for the third quarter of financial year 2025-26 (Q3FY26) in the normal course of business, the US-Israeli attack on Iran and the latter's retaliation at Gulf allies of the US has forced them to weigh the consequences of the event.
The logic of war plus the gathering storms in US politics as the midterms loom large leave him with no real alternative but to negotiate, points out Ambassador M K Bhadrakumar.
"It is quite possible that the rates will remain low in the near to medium term, but that will depend on how conditions evolve," said RBI Governor Sanjay Malhotra.
Egypt, Pakistan, Saudi Arabia and Turkey met in Islamabad in what analysts say is the formal opening of a new diplomatic formation that could reshape the post-war regional order. Their immediate goal is a ceasefire; their larger ambition is to ensure that neither Iran nor Israel emerges from this war in a dominant position. Pakistan's foreign minister then flew directly to Beijing and mooted a Chinese role as guarantor of any eventual agreement. Prem Panicker continues his must read daily blog on the Gulf War.
Pakistan President Pervez Musharraf on Monday supported the $ 4.1-billion Indo-Iran gas pipeline passing through his country, saying the pipeline was in the interest of both India and Pakistan.
Despite India, Pakistan and Turkmenistan signing an agreement for the Trans-Afghanistan pipeline, it faces many hurdles before it can become a reality, says Shebonti Ray Dadwal.
GAIL will have 36 months to lay and commission the pipeline with a capacity to transport up to 60 mscmd of gas.
Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?
While previously selling of the marketing business, possibly to another state-owned firm, was being considered, the government is now mulling on hiving off the pipelines into a separate entity and selling off a majority stake in it.
Iran said on Wednesday that the proposed $4.16 billion Iran-India gas pipeline is closer to becoming a reality following the recent goodwill generated between India and Pakistan.
Even as the benchmark and broader indices were down sharply on Monday due to escalating tensions in West Asia, the Nifty Defence index ended the session in the green.
Pakistan says it will go with the Iran-Pakistan-India gas pipeline despite skepticism over the project from the United States.
India has gained the least since Russia invaded Ukraine in February 2022 and was penalised the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war.
Israel wishes to continue its bombing campaign until Iran's military and industrial infrastructure are degraded to a point where it ceases to pose a threat to Israel. Iran, for its part, has learnt from its experience in the 12-day war of last June. Any ceasefire, it believes, will only be a prelude to another attack on itself. It is determined to convey that any attack on Iran will impose heavy costs on Israel, the US, America's allies in the Gulf -- and on the world at large, points out T T Ram Mohan.
Pakistan sees it as a 'stand-alone' project, while India sees it as part of a broader economic interaction.
The delegations from the US and Iran head to Islamabad on Friday, carrying a ceasefire that is already fraying, a Strait that is technically open and practically closed, and a negotiating agenda that would challenge even parties actually negotiating in good faith, which these groups are not. Prem Panicker continues his must read blog on the Iran War.
The government may levy a cess on domestically produced natural gas to fund construction of gas pipeline network, Petroleum Secretary R S Pandey said on Wednesday.
While declining to give a time-frame for the implementation of the much-delayed IPI pipeline, Iran has said it could not wait much longer for India and Pakistan to agree on the tariffs payable by India to its neighbour for the gas passing through the pipeline.
Clearing the decks for the $7-billion Iran-Pakistan-India (IPI) gas pipeline project, the Pakistan government on Tuesday approved the gas sharing arrangement with New Delhi.
After a two-year lull, India has proposed to resume talks with Iran on importing gas through a pipeline passing through Pakistan, but the Persian Gulf state wants the meeting to happen in Tehran.
He said there will not be exclusive pipelines for India and Pakistan.
Pakistan will work jointly with India while negotiating the gas price with Turkmenistan.
A day after sealing final pacts with Iran on a long-talked gas pipeline, Pakistan on Monday said it will welcome India joining the project and will guarantee safe delivery of the fuel.
The 'rescue' operation occurred within kilometres of Iran's underground tunnel complex at Isfahan, assessed by the IAEA and US intelligence as holding a substantial portion of the country's 60 per cent enriched uranium stockpile. Retired senior US military officers have highlighted that the mission's footprint -- hundreds of special operators, multiple heavy-lift aircraft deep inside Iran -- appears outsized for recovering a single airman. Prem Panicker continues his must read blog on the Iran War.
BHP Billiton, the Australian consultant which carried out pre-feasibility survey of the Iran-Pakistan-India gas pipeline, has said that the 2775-km long pipeline project has sufficient safeguards to prevent any disruption in the supplies.
Prime Minister Manmohan Singh is believed to have favoured India, Pakistan and Iran together building the over $7 billion gas pipeline, since joint participation will make the project more secure.
BHP Billiton, the world's largest diversified resources company, has said that there are sufficient features in the pre-feasibility study of the $4.16-billion Iran-Pakistan-India natural gas pipeline to ensure safety.
India has missed yet another meeting on the Iran-Pakistan-India gas pipeline last weekend as officials from Iran and Pakistan met in Teheran to discuss the revised project cost and a new pricing formula.
Iran had called a meeting of technical experts and lawyers from the three nations during September 24-26 to exchange views on the gas-supply contract that India and Pakistan, as consumers, would have to sign with fuel supplier Iran.
President Asif Ali Zardari will leave on a day-long visit to Iran on Monday to formally inaugurate work on the Pakistan-Iran gas pipeline despite the US threat of possible sanctions over Tehran's nuclear programme.
Iran's proposal to transform the $7.4 billion Iran-Pakistan-India (IPI) gas pipeline project to an Iran-Pakistan-China (IPC) project is nothing more than an "empty threat", according to Indian officials, who say the move is fraught with technical and financial challenges.
"We need to make sure that the Iran pipleline project is economically viable. This project has a life of 40 years," Menon tol the media in Delhi. Menon confirmed that India was trying to re-negotiate the Liquefied Natural Gas project with Iran. The deal was first made in 2005, but India feels there could be renegotiation.
The government on Tuesday categorically said that the United States had not any objections on the Iran-Pakistan-India gas pipeline project with New Delhi.
