ASIA: India expresses confidence to begin work on IPI pipeline by March

India has expressed confidence that the work on the proposed dlrs 7 billion Iran-Pakistan-India (IPI) Gas pipeline project will start by March next year as it is hopeful of finalising a transit fee agreement with Islamabad before that.

India is confident of starting work on the 2,775 km long IPI project by end of March 2008, Ministry of Petroleum and Natural Gas Secretary M S Srinivasan told reporters in Coimbatore, Friday, Indian national TV news portal reported here.

Talks with Pakistan to iron out differences on the transit fee issue were stopped due to political developments in that country, he said, adding that negotiations would be resumed soon.



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India has already discussed the issue of gas price and transportation charges with Pakistan and only the transit fee issue remained to be solved.

Srinivasan expressed confidence that the issue would be solved and the project would begin by March next year.

After holding bilateral talks with Pakistan, there would be trilateral discussions with
India, Pakistan and Iran, to finalize all aspects of the project, he said.

Via: Islamic Republic News Agency

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