IPI pipeline talks to continue in Tehran

February 4, 2008 - 0:0

TEHRAN (PIN) -- In effort to mediate the transit fee issue, Iran suggests dates for continuation of Tehran talks on the Iran-Pakistan-India gas pipeline.

Tehran wants to bring New Delhi and Islamabad to the table to resolve their differences over the transit fees Pakistan intends to charge India for the transfer of Iran’s natural gas, UPI reported.
February 12 or 13 has been suggested as the date for talks.
India’s Petroleum and Natural Gas Minister, Murli Deora, is expected to visit Pakistan next month to discuss the details of the transit fee. Deora’s visit is taking place at the invitation extended by Pakistan’s Petroleum and Natural Resources Minister, Amanullah Khan Jadoon, during their recent meeting in London.
Deora has said it would be a major initiative that could help to clinch the 2300-kilometer pipeline.
India and Iran also have to resolve the price for the natural gas. In June 2005 the two nations signed an agreement that linked liquefied natural gas to the price of Brent crude oil with a cap at $31 per barrel. Now Iran is suggesting a raise to $55 per barrel, upping the LNG price to $4.78 per MBTU.
Indian and Pakistani Ministers discussed this pricing dispute in their recent meeting in London as well. Further discussions will be expected at the Tehran meeting.