Pakistan accepts Indian offer to join another tripartite gas pipeline
PWR-PAKISTAN-INDIA
project ISLAMABAD, June 5 (KUNA) -- Pakistani and Indian officials Sunday discussed the multi-billion-dollar overland gas pipeline through Iran, as the Indian interest to join another tripartite gasline project was also endorsed by its rival, sources said.
Keeping in view its growing energy needs, the visiting Indian petroleum minister, Mani Shankar Aiyar, in a two-day meeting with Pakistan's Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon offered to join Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project, which was accepted by his counterpart, sources privy to the meeting told KUNA.
Sources said on the first day of meeting, cooperation in energy and oil sector was discussed, adding that Pakistani officials were briefed on Indian gas production.
The Indian minister, who is on a week long tour to Pakistan, Azerbaijan, Iran and Qatar, later talking to reporters said that gas through land routes is beneficial both India and Pakistan economically as well as technically.
The pipeline that would stretch over 1,600 miles and bring natural gas to India and Pakistan, is expected to get USD 600-800 millions annually in transit fees alone.
The project is being watched warily by Washington, whose sanctions imposed after the hostage crisis of 1979 prohibits foreign investments above USD 20 million in Iran.
However, India has rejected the US pressure saying it would take decision in the vest interest of the nation.
Meanwhile, the TAP 1,600-kilometer gas pipeline project to transport up to 30 billion cubic meters of natural gas annually from the Dauletabad fields in southeast Turkmenistan to consumers in Afghanistan, Pakistan, and possibly India has significant potential for enhancing stability and improving living standards in South and Central Asia. (end) amn.
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