Tuesday, July 17, 2007

Iran, Pakistan, India Agree Gas Price For Transnational Pipeline

Iran, Pakistan and India have agreed on a formula for the price of natural gas to be pumped through a pipeline that will link the three countries, India's Asian Age daily said. The deal has removed the main obstacle to the signing of a three-way agreement on building the 2,300 km Iran-Pakistan-India (IPI) pipeline with an estimated price tag of $7.5 billion. The first deliveries from gas-rich Iran are expected in 2011.

If you ever thought your negotiations were tough...

From RIA Novosti via EnergyDaily