Mehr news agency citing a Pakistani diplomat reported that India has exited from a gas pipeline deal it earlier planned with Iran and Pakistan.
The report quoted Mr Muhammad Bux Abbasi Pakistani ambassador to Iran as saying that "India definitely quitted the IPI (India-Pakistan-Iran) gas pipeline deal.”
Iranian officials however said that India has not yet officially declared its intention.
In May this year, Tehran and Islamabad signed a USD 7.5 billion deal to supply gas from Iran to Pakistan. As per the deal, Iran would initially supply 30 million cubic meters of gas per day to Pakistan which would be later increased to 60 million cubic meters per day.
Iran, Pakistan and India had conceptualized the project in the 1990s to help boost peace and security in the region, besides mitigating the power crisis. According to the report, India stopped negotiations on the project due to tension with Pakistan, although Iran repeatedly encouraged New Delhi to rejoin the process.
(Sourced from http://www.steelguru.com/news/index/2009/09/08/MTEwNjgw/India_quit_Iran_gas_pipeline_deal_-_Report.html)
Monday, September 7, 2009
India quit Iran gas pipeline deal - Report
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