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Our Bureau

New Delhi, Jan. 16 While hoping that India and Pakistan will soon resolve the pending issues between them on the proposed Iran-Pakistan-India (IPI) pipeline project, Iran on Wednesday said that it is open to hold discussions on the LNG contract with India.

After a meeting with the Petroleum Minister, Mr Murli Deora, here, the Iranian Minister for Economic Affairs and Finance, Mr Davood Danesh Jafari, told newspersons that “we are going to look into it”.

India and Iran held wide ranging discussion to enhance co-operation in the oil and gas sector, including the LNG import contract signed in June 2005.

Mr Deora emphasised that a solution to implement the LNG deal should be arrived at by the two countries.

The Iranian Minister also invited investments by both private and public sector Indian companies in developing gas fields in Iran with a possibility to set up LNG facilities and an arrangement to export LNG to India.

On the tri-nation pipeline project Mr Jafari said, “Discussion between Iran and Pakistan is nearly final. We are waiting for India and Pakistan to complete their discussions so that we can decide the project”.

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