Languages
Page last updated at 17:05 GMT, Thursday, 29 December 2005

Iran committed to India gas deal

Natural gas platform
India currently imports more than half its gas supplies

Iran says it remains committed to a gas pipeline project with India and Pakistan, despite US disapproval.

Deputy oil minister MH Nejad-Hosseinian said after two days of talks in Delhi that he expected Iran to begin deliveries to India by 2011.

The $6bn project is seen as crucial for India which relies heavily on fuel imports for its fast-growing economy.

India, Pakistan and Iran say they plan to finalise the deal in June next year and to start building in 2007.

Pressure

The 2,600km (1,620-mile) pipeline would cross Pakistan to reach India and is expected to earn Pakistan millions of dollars in transit fees.

Pipeline
Iran says it expects to start building the pipeline in 2007

The US, which accuses Iran of seeking nuclear arms, objects to the project, which will benefit Iran financially.

Mr Nejad-Hosseinian said: "I do not think Pakistan and India will yield to pressure from the United States. This pipeline will bring peace to the region."

Indian petroleum secretary SC Tripathi said India wanted "a world-class project and gas availability... at affordable prices".

But he said differences still had to be resolved over the pricing of the gas.

Further talks between the three countries are scheduled for March 2006, when a draft agreement on the structure of the project, pricing formula and other areas is expected to be agreed upon.



SEE ALSO
Iran's shadow over India-US relations
20 Sep 05 |  South Asia
Date set for S Asian gas pipeline
09 Sep 05 |  South Asia
South Asia gas pipeline talks end
13 Jul 05 |  South Asia
Why Pakistan-India pipeline matters
07 Jun 05 |  South Asia
India upbeat on Iran gas pipeline
06 Jun 05 |  South Asia

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific