IPI pipeline deal by mid-July: Deora

IPI pipeline deal by mid-July: Deora
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First Published: Wed, Jun 20 2007. 05 16 PM IST
Updated: Wed, Jun 20 2007. 05 16 PM IST
PTI
Noida (UP): India expects to finalise an agreement on the tri-nation pipeline that will bring natural gas from Iran via Pakistan by the middle of next month, Petroleum Minister Murli Deora said on 20 June.
“On (June) 27th there is a bilateral meeting and on 28th and 29th there are trilateral meetings in New Delhi. We have to strike the deal by mid-July,” Deora said on the sidelines of a function here.
India and Pakistan officials are expected to meet on 27 June to sort out differences on transportation tariff and transit fee payable by New Delhi to Islamabad for allowing passage of the Iran-Pakistan-India (IPI) pipeline to India.
This will be followed by an official meeting between the three nations on 28-29 June.
A ministerial-level meeting is expected later in July, when the three countries could ink a Framework Agreement on the over $7-billion pipeline.
The 2,300km long pipeline will initially carry around 60 million cubic meters of gas a day, split equally between India and Pakistan.
Deora had on 18 June said discussions were on with Iran and Pakistan on prices and how the pipeline would be brought to India. He had also said major issues had been sorted out while pending issues like transportation fees and alignment would be worked out soon.
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First Published: Wed, Jun 20 2007. 05 16 PM IST