AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

Gazprom is interested in taking part in building and managing a proposed 7 billion dollars gas pipeline from Iran to India via Pakistan, an official of the Russian energy giant was quoted as saying on Saturday. 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 in April that New Delhi had yet to take a final decision on the pipeline from Iran via Pakistan, which has been opposed by the United States. "One of the big projects Russia can play a role in is the pipeline that transfers Iranian gas to Pakistan and India," the head of Gazprom''s office in Tehran, Abubakir Shamuzov told Shana, the Iranian oil ministry''s web site.
"This pipeline can even go as far as to China because this region has a big population and is a big market," he said. "I believe this pipeline should be constructed and Gazprom will most likely be a partner of this project."
Last month, a senior Iranian official suggested it would welcome any Gazprom involvement in the planned gas link, 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 firm on the issue or give details on what kind of participation he had in mind. The pipeline project, which aims to feed the growing energy needs of the subcontinent, has made slow progress in past due to political tensions between India and Pakistan.
Washington accusing 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 UN 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 five million tonnes of liquefied natural gas (LNG) a year over a 25-year-period from 2009.

Copyright Reuters, 2007

Comments

Comments are closed.