The move apparently has been triggered by the drastic fall in international crude oil prices which have dived from $147 a barrel in August 2008 to below $40 now. In the old formula, taking crude price at $60 per barrel, the cost of gas at Iran-Pakistan border translated into $4.93 per mBtu. But according to the new formula, gas price will shoot up to $5.9 per mBtu although crude prices have crashed below $40 a barrel.
Iran, Pakistan and India are expected to hold a meeting in Tehran later this month to push the $7.4-billion IPI gas pipeline project that had been delayed after being caught in wrangling over transit fee.
The National Investigation Agency (NIA) has charge-sheeted eight more individuals in connection with a 2020 transnational narco-terror network case involving the smuggling of drugs from Pakistan to Gujarat, with the aim of financing the Lashkar-e-Taiba (LeT) terror group.
Iran-Pakistan-India gas pipeline project has been found technically possible but its economic viability will depend on the price at which Tehran sells the fuel, said Minister of State for Petroleum and Natural Gas Dinsha Patel.
India and Iran on Monday signed a 10-year contract for the operation of a terminal at the strategically important Chabahar port in Iran, a move that will boost regional connectivity as well as trade ties. This is the first time India will take over the management of an overseas port that will also have a multiplier effect on trade among India, Iran and Afghanistan as efforts continue to directly tap the potential in Central Asia, bypassing neighbouring Pakistan.
India's petroleum minister has that the proposed $7.4 billion gas pipeline from Iran through Pakistan was a risky proposition and could face financial problems.
The post further read that "at a moment of heightened regional turbulence", President Trump "demonstrated great strategic foresight and stellar statesmanship through robust diplomatic engagement with both Islamabad and New Delhi," Dawn reported.
While the pipeline deal was seen as "done" two months ago, when the tri-lateral meeting took place in New Delhi, India is perceived to be dragging its feet on the project since then.
'It is typical of China's strategic deception of making virtue out of necessity,' observes Rup Narayan Das.
'She was brave. She didn't care a hoot. And India was not the strongest of nations as it is now.'
'She was brave. She didn't care a hoot. And India was not the strongest of nations as it is now.'
'Trump is likely being purposefully vague, hoping that this lack of clarity will pressure India, fearing the worst, to agree to scale back its imports of Russian oil.'
India and the US have collaborated through the past one month on launching a powerful satellite; are commencing joint production of GE Aerospace's F414 jet engines in India; India is participating in a massive three week-long military exercise in the Western Pacific, observes Ambassador M K Bhadrakumar.
He conveyed this during a telephonic conversation with US Secretary of State Marco Rubio, according to a statement posted by the state-run Pakistan Television on X.
India's Permanent Representative to the UN Ambassador Parvathaneni Harish said that the Indian sub-continent offers a "stark contrast" in terms of progress, prosperity and development models.
The Kananaskis gathering on June 16-17 is the Prime Minister's 6th consecutive participation in the G7 Summit.
Trump's method are more destabilising than his policy. So, a good idea these couple of years is to sip Kool-Aid, and savour the joys of Trumplomacy, asserts Shekhar Gupta.
'Trump has personally weighed in to overcome doubts and reservations about Pakistan among his top advisors.'
Trump said he had a series of phone calls on trade with both India and Pakistan.
The Israel Defence Forces (IDF) on Saturday issued a new graphic showing Kashmir as Indian territory, rectifying their previous mistake.
The closed-door luncheon meeting came amid escalating tensions between Israel and Iran with Trump exploring Washington's possible involvement.
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.
He then went on to say that, however, he won't get a Nobel Peace Prize for any of his efforts.
President Trump says the US is close to a trade deal with India, while also claiming to have stopped a war between India and Pakistan.
'Trump will absolutely back New Delhi on its position that Pakistan must do more to crack down on terrorists that threaten India.'
'When one air force (India's) hits the other's airbases with impunity and that air force (Pakistan's) is not able to respond, then the air force, which has put the other's airbases out of commission, has won.'
Chief of Defence Staff General Anil Chauhan emphasizes the importance of self-reliance in Unmanned Aerial Vehicles (UAVs) and Counter-Unmanned Aerial Systems (C-UAS) for India, citing recent global conflicts and Operation Sindoor as examples of their strategic importance.
The Pakistan government, as well as the country's military establishment, have come under severe criticism from netizens on social media for recommending United States President Donald Trump for the Nobel Peace Prize.
Differences over pricing of gas has lead to postponement of the first ministerial tripartite meeting between India, Iran and Pakistan on the proposed over $ 7 billion pipeline from Iran.
Petroleum Minister Murli Deora met Iran's Deputy Minister for International Affairs H Noghrehkar Shirazi on the sidelines of the 12th International Energy Forum here to propose bilateral talks in May.
He said there will not be exclusive pipelines for India and Pakistan.
Pakistan on Thursday said it was committed to the ambitious $7.5 billion gas pipeline project with Iran despite the venture running into rough weather over financing.
Leaders of Pakistan, Turkey and Azerbaijan agreed to strengthen their ties for the mutual benefit of their peoples, as well as for regional peace and prosperity. The understanding was reached at the Pakistan-Turkey-Azerbaijan trilateral summit in Lachin, Azerbaijan, attended by Prime Minister Shehbaz Sharif alongside presidents Recep Tayyip Erdogan and Ilham Aliyev. Azerbaijan announced a USD 2 billion investment in Pakistan's economy. Turkey expressed support for the ceasefire between Pakistan and India and hopes that it evolves into permanent peace.
Prime Minister Narendra Modi and Chinese President Xi Jinping are set to meet in Tianjin on Sunday, their first in about 10 months, for wide-ranging talks aimed at improving relations.
India is keen to partner the proposed multi-billion Iran-Pakistan-India (IPI) gas pipeline project and has promised to resist "all external pressures on the issue", Iranian oil minister Gholam Hossein Nozari said.India's petroleum minister Murli Deora is set to arrive in Pakistan on April 21 to hold talks on transit fee to be paid to Islamabad on the $7 billion IPI project.
'Shock, confusion, and paralysis reigned.' 'Pakistan was caught in a most embarrassing situation. It could neither claim credit for the operation nor admit to a dismal intelligence failure and lack of army preparedness.'
'Geopolitically and diplomatically it's a very difficult situation for India.'
'As one former Indian diplomat put it to me, Delhi has access to the White House, but Islamabad has access to Mar-a-Lago.'
'There are times when India should stand up without hesitation and voice its indignation over the US' pressure tactic. This is one such moment,' asserts Ambassador M K Bhadrakumar.
In his statement, Hosseini said, "Expedite the decision-making process to finalise the gas deal." The spokesperson for the first time showed Iran's urgency in the matter, saying, "We don't have a lot of time".
