Financial Daily from THE HINDU group of publications
Thursday, Jun 16, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 16, 2005 |
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Industry & Economy
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Petroleum Government - Foreign Relations `India unfazed by US opposition to Iran gas pipeline' Our Bureau
New Delhi , June 15 THE US threats to impose sanctions on Pakistan in the event of Iran-Pakistan-India gas pipeline project taking off would not work as a deterrent, the Petroleum Minister, Mr Mani Shankar Aiyar, said on Wednesday. "I am unfazed, especially because my friend, the Pakistani Foreign Minister Mr Khurshid Kasuri, had given a befitting reply in Washington," he said. "So long as India, Pakistan and Iran hang together, there is every assurance of energy needs of India and Pakistan being met on the basis of remunerative returns for Iran and an affordable price for India and Pakistan," he told Business Line. Mr Kasuri is reported to have told the US that Islamabad was pursuing the pipeline as Pakistan would become an energy deficit country by 2009-10. Mr Aiyar said that India needs 100 million standard cubic metres per day of gas as of today and imports from countries in its extended neighbourhood, particularly Iran, were the only economic and sustainable source for meeting the needs of the fast growing economies of India and Pakistan.
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