Friday, July 02, 2004

Time right for India-Iran pipeline: Pak -

Time right for India-Iran pipeline: Pak - "Time right for India-Iran pipeline: Pak

Friday, 02 July , 2004, 16:47

Former Pakistani Oil Minister Usman Aminuddin on Friday made a strong appeal to India to consider importing natural gas from Iran through an onland pipeline passing through Pakistan.

'This is a project whose time has finally come. Pre-feasibility results are encouraging and project fundamentals are strong. It provides long-term energy supply to the mutual benefit of all parties,' he said, delivering a lecture on 'Present Status and Future Prospects for the Development of Oil and Gas Sector in South East Asia' here.
Advocating the involvement of private sector in the $1.8-billion pipeline project, he said New Delhi would get energy at affordable price and supplies would be guaranteed through inter-governmental agreements.
'Private sector participation would enhance the security of supply and markets by increasing pressure on governments to avoid unilateral acts that could close the pipeline,' he said. "


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