USD 63.8487

0

EUR 70.5975

0

BRENT 64.47

-0.16

AI-92 42.31

-0.01

AI-95 45.95

-0.04

AI-98 51.59

-0.04

Diesel 45.97

-0.08

16

Iran-Pakistan-India Pipeline To Work For Gazprom

The Iran-Pakistan-India gas pipeline was viable and India would welcome participation

The Iran-Pakistan-India gas pipeline was viable and India would welcome participation of Russia's Gazprom's network, Anand Sharma, Union external affairs minister said.

He referred to China’s "aggressive run" to reiterate that India needed natural gas for maintaining the ideal mix of energy resources and for sustaining accelerated economic growth.

Gazprom said that it would decide on its participation in the Iran-Pakistan-India gas pipeline after examining the feasibility study provided by Pakistan.

In March 2006, Fradkov told a joint news conference with Prime Minister Manmohan Singh in New Delhi that Gazprom will want to explore opportunities of meeting India’s energy requirement.

He had said that Russia has experience in constructing pipelines and ways and means could be evolved to involve Moscow in the pipeline project.