Status Update on Iran-Pakistan-India Gas Pipeline

0
22
iran_pakistan
iran_pakistan

The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharamendra Pradhan informed the Lok Sabha in a written reply today that Iran-Pakistan-India (IPI) Gas Pipeline Project has been under discussion with the Governments of Iran and Pakistan since 2005. 60 MMSCMD of gas is proposed to be supplied in Phase-I, to be shared equally between India and Pakistan. In Phase-II, 90 MMSCMD of gas is envisaged to be supplied. Several rounds of discussions have taken place, involving the India-Pakistan-Iran Joint Working Group (JWG), India-Pakistan JWG and the India-Iran Special JWG. The matter has also been discussed at the Ministerial level. Several critical issues, viz., the delivery point of Iranian gas, the project structure including project finance, guarantees related to safety of the pipeline and security of supply, pricing of gas, location of international seat of arbitration, etc. are yet to be resolved. In view of critical issues remaining unresolved there has been no further development in this project.