India has quit Iran gas pipeline deal: Report

[ratolz]

India has quit Iran gas pipeline deal: Report - International Business - Business - NEWS - The Times of India


TEHRAN: India has exited from a gas pipeline deal it earlier planned with Iran and Pakistan, Mehr news agency reported citing a Pakistani

diplomat.

"India definitely quitted the IPI (India-Pakistan-Iran) gas pipeline deal," the report said citing Pakistani ambassador to Iran, Muhammad Bux Abbasi, as saying here on Sunday.

Abbasi added that Pakistan plans to increase its crude oil import from Iran. Iranian officials, however, said India has not yet officially declared its intention.

In May this year, Tehran and Islamabad signed a $7.5-billion deal to supply gas from Iran to Pakistan.

As per the deal, Iran would initially supply 30 million cubic meters of gas per day to Pakistan which would be later increased to 60 million cubic meters per day.

Iran, Pakistan and India had conceptualised the project in the 1990s to help boost peace and security in the region, besides mitigating the power crisis.

India stopped negotiations on the project due to tension with Pakistan, although Iran repeatedly encouraged New Delhi to rejoin the process, according to the report.

The pipeline would run 2,775 km when linked with the three countries.

The project would have greatly benefited India, which do not have sufficient natural gas to meet its rapidly increasing domestic demand.

Pakistan has been facing electricity shortfall of more than 3,000 megawatts and plans to generate 4,600 megawatts from Iranian gas. Islamabad has been under pressure from Washington to abandon the deal

 

[Omar1984]

No surprise here everyone knows India is much more loyal to Israel than the Islamic Republic of Iran.

 

[arihant]

No surprise here everyone knows India is much more loyal to Israel than the Islamic Republic of Iran.

Problem is such big project will go from Pakistan. India allready developing port in Iran.

 

[Thomas]

No surprise here everyone knows India is much more loyal to Israel than the Islamic Republic of Iran.

Actually that attitude is a pretty good indication that there is to much animosity. the project was doomed from the beginning. Why would India help pay for a Pipeline that could be shut off whenever tensions rise with Pakistan? Not to mention if Iran gets into a major shooting war with the U.S. or Israel it could be destroyed.

 

[Gin ka Pakistan]

Why not to replace India with China
Gas pipe line from Pakistan and then to China alone the railway line proposed between two countries.

 

[ejaz007]

Indian energy demand is increasing and once the project is completed India shall be tempted to rejoin. The cheapest source is still from Iran via Pakistan.

 

[sob]

One of the reasons for the Indian reluctance to go ahead with the project could be due to the huge gas finds in the KG Basin by Relaince, GSPC and ONGC.

Also there are reports that the Mahanadi blocks that both Relaince and ONGC are prospecting could turn out to be bigger than the KG Block. With these fields coming in it makes better sense not to go in for the IPI Pipeline.

 

[SinoIndusFriendship]

Sad to hear the Bharat has chosen to side with the Ashkenazis and Yankees.

 

[ratolz]

Guys you forgetting that India considers constructing a gas-based 6,000 megawatts (MW) power plant in Iran with an estimated cost of around $10 billion. If India is Building such a big power plant then there is no need to Go for Gas Pipe line. The purpose of energy will be completed With this power plant.

And the SUCH a big investment shows that IRAN still is very much important friend for India. So stop blaming.

India to build power plant in Iran

 

[Brahm0s]

Friends if its true than its a gr8 news. Why should india risk our security??? The gas pipeline project was benefiting pakistan more than india. Pakistan wanted money for it. Why would india pay pak money? To raise kasab 'butcher' like terrorists? And in a war pak would be benefited even more. Infact if this project goes ahead than its 'suicidable'. Nuclear deal with america and world will benefit india. Other resources india will search. This project shouldn't go ahead or its india 'LOSS' all the way. If it goes ahead than its like digging our own grave yard. India shouldn't do any project which involves pakistan. Iran too busy catching american and british womens and putting them in jail. Thats what small powerless countries do. They good at it and feels pride. India should not go ahead with this project. If it do than thats regretable. Thank you.

 

[Brahm0s]

Sad to hear the Bharat has chosen to side with the Ashkenazis and Yankees.

yes friend its a sad news for pakistan. Please dont be sad. Cheer up lol

 

[EagleEyes]

The day nuclear pact was going to be signed between the U.S. and India...that day the deal had died. The U.S. has influence on many...Do as they say..

 

[praveen]

The day nuclear pact was going to be signed between the U.S. and India...that day the deal had died. The U.S. has influence on many...Do as they say..

Sir ,The problem is can pakistan itself implement the pipeline with US meddling so much into your affairs

 

[Nemesis]

Why would we agree to a pipeline that goes directly through Pakistan? I think Iran and India were in the process of discussing an under-sea pipeline but that is too expensive.

 

[KSRaj]

Donno if India has really quit from the IPI ... but with the price quoted for the gas by the Iranians ... me always felt we should be looking for alternative plans! A "power" line sounds like a great idea!