India, Pakistan, Iran meeting fails on gas price

indo iran gas pipeline

Indo-Iran gas pipeline agreement has once again put in to the back burner. The delegation of India, Pakistan and Iran had a meeting for the three-nation gas pipeline project that ended with a non-agreement. The three nations did not reach on the agreement on gas price.

According to the Indo- Asian News Service report, the three countries had not come on consensus on price, they were still interested in the project.

Earlier, the three countries had decided to appoint an international consultant on the price of gas.

According to India’s Petroleum Secretary M.S. Srinivasan, India and Pakistan had together suggested two consultants, now Iran will choose one between the two.

Iran is planning to arrange the next round of trilateral talks in coming months.

Iran wants to sell its gas at 8 U.S. dollars per million British thermal unit (MBTU). India earlier offered 4.25 U. S. dollars but raised the price a little higher to 4.42 U.S. dollars per MBTU for gas delivered at its border with Pakistan.

However, Iran has not given any favorable response on the price matter.


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