Monday, October 01, 2007

Blog: Is Pakistan leaving India out of the lurch?

Is Pakistan leaving India out of the lurch?




Iran and Pakistan agreed to develop a $7 billion gas pipeline without India. India stayed away from this week's talks in Tehran on the proposed $7 billion pipeline, saying it wanted to agree transit costs through Pakistan on a bilateral basis first, an Iranian official said. But he said India had not said it was quitting.
Negotiators settled differences in talks over four days that ended yesterday and expect to sign a letter of understanding by the end of October, the Iranian Oil Minister's special representative Hojatollah Ghanimifard said.
Iran has the world's second-largest gas reserves after Russia. But sanctions, politics and construction delays have slowed its gas development, and analysts say Iran is unlikely to become a major exporter for a decade.
The 2,600 kilometer pipeline will initially transfer 60 million cubic meters of gas daily to Pakistan and India, half for each country. The pipeline's capacity would later rise to 150 million cubic meters. Is Pakistan holding out for more than just gas from this deal?

Labels: Is Pakistan leaving India out of the lurch?

posted by Charltonmedia.com @ 9:38 PM  

<< Home

Previous Posts

  • Did Temasek utilise its stakes to fix phone prices?
  • Will the West trust Pakistan with “peaceful” nucle...
  • Is privatising the NPPs a very sound idea or simpl...
  • Blog: Will pollution-free projects prove investor-...
  • The nuclear assault on India
  • Will Japan’s quake leave a greater impact on the f...
  • Olympics Fever brewing- can you take the heat?
  • Will new power grids gain trust if China’s provinces?
  • Should Tokyo select immediate power supply to envi...
  • How is Tepco to rectify the problem?

Powered by Blogger

Free Website Statistics