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Iran says India considering sea route to buy gas

Iran says India considering sea route to buy gas

Write: Lockwood [2011-05-20]
Iran s National Iranian Gas Company said Asian giant India has again expressed interest in buying natural gas from the country via sea route.

According to NIGC managing director Javad Owji, whom is also Iran s deputy oil minister, India has expressed willingness to restart negotiations through an international firm, to independently import natural gas from Iran via a sea pipeline.

He said no exact date has been yet finalized for the gas talks between the two countries but they are expected to start after the month of Ramadan.

He noted that there has been no decision yet on how to export Iran s gas to India.

India has backed out from a gas pipeline project with Iran and Pakistan due to security reasons; though no official declaration was made in this regard.

Iran welcomed the presence of India in a regional gas transfer project, which is known as the Peace Pipeline project.

The official stressed that the Iran-Pakistan-India pipeline would be the most economical and efficient export route.

Earlier this year, Iran and Pakistan signed a deal to build the pipeline under which Tehran agreed to deliver 21.2 million cubic meters of natural gas per day to Pakistan beginning in 2014.

Bangladesh also has made a proposal to receive Iran s natural gas through the regional gas pipeline.