Pakistan,
Iran set to sign agreement on gas pipeline without
India
ISLAMABAD:
Pakistan and Iran are set to sign a “finalised
gas tariff” with reference to the Iran-Pakistan-India
(IPI) gas pipeline project without India this
week, officials said. “The finalisation
of the gas tariff in reference to the IPI project
would be decided next week (starting Monday) in
a meeting to be held in Abu Dhabi,” a senior
Pakistani government official told the Asian Age
newspaper. The meeting will be attended by ministerial
level officials without India, he added. Sources
in Pakistan’s ministry of petroleum said
the caretaker federal petroleum minister Ahsanullah
Khan will represent Pakistan at the meet. Earlier,
President Pervez Musharraf had been tipped off
as the possible signatory to the historical deal
during his forthcoming European trip, but there
was a change of plan. The event was delayed due
to the mourning month of Muharram and was rescheduled
for the current week starting Monday. “Although
the event would be held sans Indian participation,
yet India will be welcome to join the show anytime
afterwards,” the official said. The gas
project is being developed to bring gas from the
Iranian South Pars gas field via land to Pakistan
and India. A term sheet was signed between Iran
and Pakistan in 2005 for the supply of 2 BCFD
of natural gas for a period of 30 years. An agreement
on the gas pricing formula was reached last year
under which each country would build the pipeline
in its respective territory. The deal effectively
removed any obstacle to the signing of a three-way
agreement on building the 2,300-km IPI pipeline
with an estimated price tag of 7.5 billion dollars.—Agencies