Iran-Pak-India natural gas pipeline still a possibility.

The once-proposed Iran-Pakistan-India (IPI) natural gas pipeline project is not dead.

'This could be revived if Iran could come to an agreement on the nuclear issue with six global powers,' Pakistan High Commissioner to India, Abdul Basit, told BusinessLine at the MCC Chamber of Commerce & Industry recently.

Iran is in discussion with the US, China, France, Germany and UK on issues related to its enriched uranium stockpile.

Pakistan's envoy indicated that international sanctions on Iran were working against the project.

The trilateral 2,700 km project could not take off after prolonged negotiations since 1995. In 2007, India and Pakistan agreed to pay a base price of $4.93 for a British thermal unit of gas from Iran’s North-South Pars gas field.

HBL