Jan 16, 2008

Further discussions on LNG contract and investments in gas fields to follow

India and Iran today held a wide ranging discussion to enhance cooperation in the oil and gas sector including LNG import contract signed in June, 2005. At a meeting between Shri Murli Deora, Minister for Petroleum & Natural Gas and Dr. Davood Danesh Jafari, Minister for Economic Affairs & Finance of the Islamic Republic pf Iran here today, Shri Deora emphasized that a solution to implement the LNG deal should be arrived at by the two countries. He also expressed keen interest in finalizing the Iran-Pakistan-India gas pipeline project.

On his part the visiting Minister said that Iran is open to hold discussions on the LNG contract. In addition, he invited investments by both private and public sector companies in developing gas fields in Iran with a possibility to set up LNG facilities and an arrangement to export LNG to India. He also emphasized the need for finalizing agreements in respect of IPI gas pipeline project.

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