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India-Iran-Pakistan Talks On Gas Pipeline Still To Continue
New Delhi (RIA Novosti) Jun 30, 2007 India, Iran and Pakistan failed to reach a compromise on tariffs on natural gas deliveries and will continue talks on signing a tripartite gas pipeline agreement in July, the Indian press said citing government sources. Talks ended in New Delhi Friday on the $7.5 billion pipeline, which will have annual capacity of at least 21.1 billion cubic meters and is expected to come on stream in 2011. According to the sources, the parties discussed Tehran's proposal to review the gas price once in three years to make it contingent on world prices. The proposal was quite a surprise for India as the previous agreement stipulated that the price remain unchanged for 25 years. A government source said neither India nor Pakistan could abandon the project having provided huge investment in the pipe traversing Pakistan. Iranian natural gas is highly important for India, whose rapidly developing economy needs steady supplies of fuels. Pakistan in its turn suffers electricity shortages. The parties are optimistic about the talks, although they have only agreed on transit duty for gas pumped across Pakistan. The pipeline project is opposed by the United States, which is striving to isolate Iran, but the sides have repeatedly stated their resolve to carry it through despite pressure from Washington.
Iran Invites India Pakistan Chiefs Of State To Sign Gas Deal He said the project could be launched in 2001. The sides previously coordinated gas transport tariffs, but have yet to agree on transit duty for gas pumped across Pakistan. According to informal reports, New Delhi is ready to pay about $90 million a year, while Islamabad is asking for $200 million. The pipeline project is opposed by the United States, which is striving to isolate Iran, but the sides have repeatedly stated their resolve to carry it through despite pressure from Washington.
Source: RIA Novosti Related Links Powering The World in the 21st Century at Energy-Daily.com
Statoil And Shell Scrap Carbon Capture Plans To Pump More Oil
Oslo (AFP) June 29, 2007Norwegian oil group Statoil and Britain's Shell said Friday they were scrapping plans to use carbon dioxide (CO2) to increase oil production. An evaluation showed that "though the value chain is technically feasible, it is not commercial viable," Statoil said in a statement. The project, announced in March 2006, involved the construction of a gas-fired power plant and a methanol production facility in Tjeldbergodden in central Norway, from which CO2 would be directly injected into the Draugen and Heidrun offshore fields to enhance oil and gas recovery. |
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