Monday, May 7, 2012

India stepping on the gas to finalise TAPI pact

India is speeding up its efforts to sign an agreement for importing gas through the US-backed $10-billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.

At the same time, it is going slow on the Iran-Pakistan-India (IPI) project that would have moved huge quantities of gas
from the south Pars field in the Persian Gulf into India. Some government officials see this as an indication that India is toeing the US line and reducing its energy dependence on the sanctions-hit Iran.

The urgency on the part of the government is palpable. The petroleum ministry recently wrote to the National Security Council (NSA) secretary Lata Reddy on April 2 that “There is an urgency for signing the gas sales and purchase agreement (GSPA) under the TAPI gas pipeline project”. Read More