India
is expected to sign a sale-purchase agreement for importing 7.5
million tonnes of liquefied natural gas (LNG) from Iran when Petroleum
Minister Mani Shankar Aiyar visits that country June 11-13.
The two countries had signed a memorandum of understanding during
January and have since then been ironing out commercial and technical
details of the first gas sale agreement between them. The gas supplies
are expected to begin in 2009.
"All major issues related with the sale-purchase of 7.5 million
tonnes of LNG have been resolved. The Iranian team will be here
next week to finalise the draft of the agreement to be signed,"
Aiyar told reporters after meeting R. Javedi, managing director
of National Iranian Gas and Export Company (NIGEC) and his team.
It has been agreed that Iran will supply LNG in two lots with the
first tranche of five million tonnes beginning 2009 and the remainder
from 2011.
During its three-day visit, the Iranian team led by Javedi held
discussions with GAIL (India) Ltd and petroleum ministry officials
on the proposed gas pipeline from Iran to India via Pakistan.
"We understand each other's point of view much better. In fact,
I am much better prepared for the Pakistan visit now than before,"
said Aiyar.
Aiyar is scheduled to visit Pakistan June 4-7 to hold the first
formal bilateral talks on hydrocarbon cooperation, including the
proposed pipeline project and possible export of diesel from India.
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