Peace Pipeline Progress

June 2007 | Market Strategy

Talks between India, Pakistan and Iran on building a US$7bn pipeline to supply Iranian gas to the South Asian nations are expected to conclude successfully by the end of July, according to Indian officials. Iran has the second-largest gas reserves in the world after Russia and its proposed 'peace pipeline' will initially carry 60 million cubic metres of gas which will be divided equally between India and Pakistan. This will ultimately be increased to 150 million cubic metres. With the delivery point at the Iran-Pakistan border, India will have to finalise a contract for transportation costs and a transit fee

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