By James Buckley
Russia's natural gas firm Gazprom is keen to take part in building and managing a proposed US $7 billion gas pipeline from Iran to India.
Russia's natural gas firm Gazprom is keen to take part in building and managing a proposed US $7 billion gas pipeline from Iran to India. The announcement was made by Abubakir Shamuzov, Gazprom's representative to Iran.
"[One] of the big projects Russia can play a role in is the pipeline that transfers Iranian gas to Pakistan and India," said Shamuzov. "This pipeline can even go as far as China because this region has a big population and is a big market. I believe this pipeline should be constructed and Gazprom will most likely be a partner."
The pipeline will initially carry 60 million m3 of gas per day, according to Hojatollah Ghanimifard, an Iranian negotiator. The second phase should see capacity increase by an additional 90 million m3 per day. The pipeline has been in the planning stage for more than a decade but has made slow progress, mainly due to political tensions between India and Pakistan, through which the proposed pipeline would pass.