Iran refuses to sell gas to India and Pakistan cheap
Media Release
Jun. 21, 2006

Iran will not sell gas at knock-down rates to India and Pakistan, a senior oil official said amid a pricing dispute in talks over a planned pipeline.

"The price suggested by India and Pakistan is almost half of the price we offered," deputy oil minister Mohammad-Hadi Nejad-Hosseinian said on state radio.

"If the two governments intend to subsidize their domestic gas, there is no reason for Iran to pay this subsidy," he added.

The Iran-Pakistan-India gas project envisages a pipeline of about 2,600 kilometers that would help meet South Asia's growing energy needs.

The three countries, however, have been at odds over pricing. Quoted by the Iranian oil ministry's Shana news agency, Nejad-Hosseinian said Iran is not desperate to sell its gas to India and Pakistan.

"The tripartite Peace Pipeline agreement is not an absolute obligation," he said.

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