Monday, April 18, 2011


The Hindu reported that India feels that the Turkmenistan, Afghanistan, Pakistan and India gas pipeline is technically feasible although it will pass over some of the highest mountain ranges in the world. It also feels that security and viability issues can also be resolved in due course.

However, it does not feel the same way about the Iran, Pakistan, India pipeline which has been in the works much before the TAPI pipeline but has stalled after the US tightened sanctions against Iran though India denies there was any pressure from Washington.

Government sources said that the IPI pipeline project was yet to convince India on two counts the assured supply of gas and the safety of the pipeline as it passes through the restive Baluchistan province of Pakistan. There is a USD 6 billion pipeline with another USD 30 billion worth of industries at the end of it in India. Either Iran has to be involved with some of the industries in India at the end of the pipeline or the gas grid in India should become operational, which it should in the next couple of years.

Iranian government officials said that the oil payments issue had been resolved. They appreciated Tehran for continuing to supply USD 1 billon of oil every month even as the payments issue was in limbo. Japan had said that despite the devastating natural disaster which had hit the country, it would continue with investment plans in two mega projects in India the Dedicated Freight Corridor and the Delhi Mumbai Industrial Corridor.

(Sourced from the Hindu)