Tehran is seeking at least 7.2 dollars per mBtu price for gas it wants to sell to India and Pakistan through the over 7 billion dollar pipeline while New Delhi is willing to pay no more than 4.2 dollars per mBtu for gas delivered at its border.
Pakistan and Iran are holding three-day talks in Islamabad on the multi-billion dollar Iran-Pakistan-India gas pipeline project though India is not participating in the parleys as differences on some key issues remain to be settled.
Six persons were killed and 49 injured and a gas pipeline of Assam Gas Company Limited was extensively damaged in separate incidents of violence as ultras of the United Liberation Front of Asom went on a killing spree in Upper Assam on Sunday.
India will add over 7,450 km of gas pipeline network over the next 2-3 years to ramp up its supply lines to keep pace with the growing demand from the consumption centres
The proposed gas pipeline between Iran and India will become a reality by 2010, the Iranian envoy to New Delhi said on Tuesday.
Iran has offered to provide Pakistan $500 million to build its section of a bilateral gas pipeline project on the condition that Islamabad will not turn its back on the venture, a media report said.
United States Secretary of State Hillary Clinton has warned Pakistan of "damaging consequences" over multi-billion gas pipeline with Iran, saying Islamabad could face sanctions if it went ahead with the ambitious project.
Afghanistan, Pakistan and Turkmenistan will meet in Manila on Tuesday to formally invite Indian participation in the transnational pipeline project originating from Dauletabad fields in Turkmenistan.
The Turkmenistan-Afghanistan-Pakistan-India project countries have invited firms which can become consortium leaders for executing the 1,680-km cross-country project.
Prime Minister Manmohan Singh on Tuesday dedicated GAIL India Ltd's 1,000 km Dabhol-Bangalore natural gas pipeline to the nation.
The Ministry refused to buy RGTIL's argument that the government has already allocated all of the projected 91 mmscmd gas output from the KG-D6 fields to customers in Andhra Pradesh, Maharasthra and other northern states, leaving no gas for transportation through its proposed pipelines from Kakinada to Howrah, Chennai, Tuticorin and Mangalore.
The Indian government, said a senior official, wishes to take talks forward on the $7 billion Iran-Pakistan-India gas pipeline project.
The ministry refused to buy RGTIL's argument that the government has already allocated all of the projected mmscmd of gas output from the KG-D6 fields to customers in Andhra Pradesh, Maharasthra and other northern states, leaving no gas for transportation through its proposed pipelines from Kakinada to Howrah, Chennai, Tuticorin and Mangalore.
India and Pakistan will appoint financial consultants to suggest project structure for the $4.16 billion Iran-Pakistan-India gas pipeline by September 15.
Murli Deora has expressed optimism over the IPI gas pipeline project, confirming that talks are on with both Iran and Pakistan to finalise the project.
Talks on the Iran-Pakistan-India gas pipeline project are in the final stage where the technical aspects are being looked into, according to Iranian Deputy Oil Minister Reza Kasai'i Zadeh.
Last week, Pakistan and Iran had signed a memorandum of understanding for the implementation of the 2600-km project.
With India still keen to join an ambitious gas pipeline project involving Iran and Pakistan, the United States has warned all countries against engaging in transactions with Tehran at a time when sensitive talks are on to consider additional sanctions on it over its nuclear issue.
The Pune Municipal Corporation is undertaking extensive road upgrades across 84 kilometres in preparation for the Pune Grand Tour (PGT) 2027, an international Category 2 cycling competition. These works include improving road surfaces, repairing footpaths, standardising signage, and expediting utility-related infrastructure to ensure the safety and smooth conduct of the six-stage event scheduled from January 26 to 31.
A visiting delegation from Xinjiang Uyghur Autonomous Region of China and Indian industry on Monday decided to study the feasibility of laying a natural gas pipeline across the two countries.
India and Pakistan on Tuesday reported good progress in talks on finalising framework and a timetable for building the $4.16 billion Iran-Pakistan-India gas pipeline.
India is against the pipeline passing through Pakistani territory.
Petroleum Minister Mani Shankar Aiyar will visit Pakistan in the second fortnight of May to discuss modalities of Iran-India gas pipeline besides other areas of cooperation in the hydrocarbon sector.
There is no question of the US or any other country pressurising India on the proposed Iran-Pakistan-India gas pipeline project, Lok Sabha was informed on Thursday.
The government has withdrawn most provisions of the emergency natural gas supply regulation order imposed during the West Asia conflict after liquefied natural gas (LNG) shipments through the Strait of Hormuz resumed following a ceasefire.
Currently, the gas pipelines have a capacity to transport 230 mmscmd of gas.
Afghanistan, Pakistan and Turkmenistan signed a joint letter formally inviting India to join a 1,600-km natural gas pipeline project, the Asian Development Bank said on Wednesday.
'India should not trade away its energy security for temporary tariff relief. Neither signing a trade agreement nor stopping Russian oil purchases can protect it from future US action.'
In a significant change to regulations, oil and gas regulator PNGRB has proposed a new policy of how tariffs for pipelines carrying gas to users will be determined, and proposed charging city gas entities selling CNG and piped cooking gas to households at the lowest rates.
At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
Oil Minister M Veerappa Moily reviewed the progress on the ambitious 1,680-km project with Turkmenistan Minister for Oil and Gas Mukhammetnur Khalylov, who is in New Delhi to attend the eighth Asia Gas Partnership Summit.
China has strongly rejected a US bill that would impose tariffs on countries, including India, for purchasing Russian oil and gas. Beijing views the "Lindsey O Graham Sanctioning Russia and Iran Act 2026" as an act of "long-arm jurisdiction" and interference in its sovereign trade relations, asserting that its economic cooperation with other nations is based on equality and mutual benefit.
A Bill has been introduced in the US Congress aimed at enforcing punitive action against companies doing business with Iran that may impact Indo-US nuclear pact and create obstacles for Iran-Pakistan-India gas pipeline.
The law regulating the gas pipeline sector will end up making the public sector incumbents dominant players in the market.
The Massachusetts State Police said in a tweet that residents in the affected areas who have gas service from Columbia Gas 'should evacuate their homes immediately if they have not done so'.
The four nations to the US- backed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project began discussing gas sales and other details of the $ 7.6 billion project, but are unlikely to conclude any agreement at the end of four day talk this week.
President Asif Ali Zardari is scheduled to ink an agreement on the $7.6 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project with the Turkmen and Afghan heads of state at Ashgabat on December 11.
Minster of Petroleum and Natural Gas Murli Deora on Monday commissioned the first stretch of the Dahej - Panvel - Dabhol pipeline from Dahej to Surat.
'Elevated crude prices and unchanged domestic fuel prices would put pressure on the profitability and cash flows of OMCs.'
