India and Pakistan are under U.S. pressure not to do business with Iran in the energy sector. But the parties to the project have repeatedly stated their resolve to move forward with the key project, regardless of Washington’s opposition.
168
Pakistan, Iran, India Agreed Gas Price
The deal has removed the main obstacle to the signing of a three-way agreement on building the 2,300 km pipeline
Pakistan and India have agreed on a formula for the price of natural gas to be pumped through a pipeline that will link the three countries, India’s Asian Age daily said.
The deal has removed the main obstacle to the signing of a three-way agreement on building the 2,300 km Iran-Pakistan-India (IPI) pipeline with an estimated price tag of $7.5 billion. The first deliveries from gas-rich Iran are expected in 2011.
The price formula is based on the cost of natural gas in Japan, which has been accepted as the most suitable yardstick. Japan is one of the world’s largest consumers of natural gas, and has a relatively stable energy market.
India and Pakistan are under U.S. pressure not to do business with Iran in the energy sector. But the parties to the project have repeatedly stated their resolve to move forward with the key project, regardless of Washington’s opposition.
India and Pakistan are under U.S. pressure not to do business with Iran in the energy sector. But the parties to the project have repeatedly stated their resolve to move forward with the key project, regardless of Washington’s opposition.
Подпишитесь
