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/ India News / 2007 / June 2007 / June 24, 2007 Trilateral talks on IPI-gas pipeline on June 28 |
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A two-day trilateral talks on the India-Pakistan-Iran (IPI) gas pipeline will begin on June 28 where the three countries will discuss issues related to transportation charges and transit fees for the 2,300 km long gas pipeline.
Kochi, June 24 : A two-day trilateral talks on the India-Pakistan-Iran (IPI) gas pipeline will begin on June 28 where the three countries will discuss issues related to transportation charges and transit fees for the 2,300 km long gas pipeline.
This was disclosed by Union Minister for Petroleum and Natural Gas, Murli Deora here today.
He also said that before the trilateral talks, India would also hold bilateral talks with Pakistan on June 27 over the same issue.
Deora expressed confidence that the issue of the transportation fee and the transit fee would be finalised during these talks.
Pakistan has sought 10 per cent of the gas price on the Pakistan-India border as transit fee to provide right of way, security and safety to the 7.4 billion dollar Iran-Pakistan-India gas pipeline project.
At current oil prices, Pakistan expects transit fee at or around 50 cents per million British Thermal Unit (MMBTU), whereas, on the other hand, India is offering 15 cents per MMBTU).
India says that Pakistan should seek transit fee only for about 240-km portion of the gas pipeline that will specifically be required up to the Indian border. It also argues that since about 795-km pipeline from the Pakistan-Iran border will also be utilised by Pakistan, there should be no transit fee for this segment.
The pipeline would initially carry around 60 million cubic meters of gas from Iran everyday that would be split between India and Pakistan equally.
Meanwhile, Deora today also said that India is close to signing a pact with Algeria to import 1.25 million tonnes of Liquefied Natural Gas (LNG) annually, and assured that there would be no increase in the prices of the fuel in spite of the recent upward trend in the international price for crude oil.
ANI
