When the Price is Right
Lots of useful stats and analysis on the Iran-Pakistan-India LNG pipeline, and more besides on India's energy issues.
Asia Times Online :: South Asia news - Price imbroglio stymies Iran pipeline
The United States is no longer the main stumbling block to the planned US$7 billion Iran-Pakistan-India (IPI) pipeline. All issues, including US pressure to abandon the 2,100-kilometer project, have been relegated to the back burner as India and Pakistan team up to try to persuade Iran to soften the price at which it wants to deliver the gas.
Tehran is demanding $7.20 per million British thermal units, linked to global crude-oil prices. The Iranian position is considerably higher than India's offer of $4.25 per mBtu at its border with Pakistan. Though Pakistan has been voicing plans of going it alone in case India decides to drop out, that may not happen if the price issue is not resolved.
Iran has rejected India's demand for a price equivalent to international long-term gas-supply contracts, saying that New Delhi should forget about buying Iranian gas at a low price. Tehran's stand has been emboldened by a Europe desperately seeking other sources of gas after last year's crisis due to the spat between Russia and Ukraine.
