Iran General NewsIran likes idea of Gazprom in India gas link

Iran likes idea of Gazprom in India gas link

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Reuters: Iran suggested on Monday it would welcome any Gazprom involvement in a proposed $7 billion gas pipeline to India via Pakistan, with a senior official saying it would speed progress. TEHRAN (Reuters) – Iran suggested on Monday it would welcome any Gazprom involvement in a proposed $7 billion gas pipeline to India via Pakistan, with a senior official saying it would speed progress.

Gholamhossein Nozari, managing director of the National Iranian Oil Company (NIOC), did not say whether Iran had been in contact with the Russian energy giant on the issue or give details on what kind of participation he had in mind.

“Gazprom is a capable and big company and if it enters the peace pipeline it will help with the progress and speed up the operation,” he was quoted as saying by the ISNA news agency, referring to the planned energy link from Iran to India.

Iran, India and Pakistan are expected to sign a key agreement on pricing in June that will help the pipeline project take off.

But an Indian official said earlier this month New Delhi had yet to take a final decision on the pipeline from Iran via Pakistan, which has been opposed by the United States.

The pipeline project, which aims to feed the growing energy needs of the subcontinent, has made slow progress also in part due to political tensions between India and Pakistan.

Washington, which accuses Tehran of developing a covert nuclear weapons programme, has repeatedly sought to discourage India from the project. Russia is Iran’s closest big power ally and has helped to water down U.N. sanctions against Tehran.

Iran sits atop the world’s second largest gas reserves after Russia. But sanctions, politics and construction delays have slowed its gas development and analysts say it is unlikely to become a major exporter for a decade.

Apart from the pipeline, New Delhi is also negotiating with Iran to secure a deal that would see Tehran supply 5 million tonnes of liquefied natural gas (LNG) a year over a 25-year-period from 2009.

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