Published on Sat, Nov 18, 2006 at 08:46 | Source : Moneycontrol.com
Updated at Sat, Nov 18, 2006 at 11:47
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India to re-negotiate gas price with Iran
India and Iran are likely to find a solution soon to the contentious issue of gas pricing which has been haunting the two projects - liquefied natural gas (LNG) deal and Iran-Pakistan-India (IPI) pipeline - between the two countries.
India and Iran are likely to find a solution soon to the contentious issue of gas pricing which has been haunting the two projects - liquefied natural gas (LNG) deal and Iran-Pakistan-India (IPI) pipeline - between the two countries.
India today indicated that it was willing to renegotiate the gas price for the 5-million tonne (mt) LNG deal with Iran that was struck in June 2005.
"India will have a look at the fresh proposals from Iranian side regarding LNG contract," Mr Murli Deora, Petroleum Minister, told presspersons after a meeting here with the visiting Iranian Foreign Minister, Mr Manouchehr Mottaki. India had contracted for 5 mt LNG, which Tehran agreed to supply for a 25-year period, starting 2009. ``We're trying to reach an agreement where we don't pay more and they don't receive less,'' Mr Deora said.
"We are hopeful that the contract will now fructify," Mr Deora said.
"India will have a look at the fresh proposals from Iranian side regarding LNG contract," Mr Murli Deora, Petroleum Minister, told presspersons after a meeting here with the visiting Iranian Foreign Minister, Mr Manouchehr Mottaki. India had contracted for 5 mt LNG, which Tehran agreed to supply for a 25-year period, starting 2009. ``We're trying to reach an agreement where we don't pay more and they don't receive less,'' Mr Deora said. 
