Russia, India discussing IPI gas pipeline agreement

Russia, India discussing IPI gas pipeline agreement

Agency News

Tehran, June 21: Russia is currently discussing signing a memorandum with India on the Iran-Pakistan-India (IPI) gas pipeline project, Russian Energy Minister and co-chairman of the intergovernmental commission of Russia and Iran on trade and economic cooperation Alexander Novak has said in Isfahan.

"The Iran-Pakistan-India gas pipeline was also discussed with the Iranian oil minister. We have signed a memorandum with Iran and Pakistan. Now we are working with our Indian colleagues to sign a memorandum with them," Novak said, according to a report in The News International.

According to him, despite the difficult situation with Iran, the project can be implemented. "In general, this project is quite interesting, and I think that it can be implemented. But for this, additional work should be carried out, conditions for implementing the project, sources of gas, financing, etc.," the Minister said. (UNI)