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India still interested in IPI gas pipeline project

Two days after Iran and Pakistan agreed to form a joint company to raise funds for the Iran-Pakistan-India gas pipeline, India said it was still interested in going ahead with the pipeline.

"Negotiations are due but we are on the right line towards progress," said Petroleum Secretary R S Pandey on the sidelines of a conference on gas scenario in India.

Officials of the three countries will meet soon, Pandey said, but did not indicate when. He also said the pricing issue of gas supplies through the international pipeline would also be resolved at this meeting.

The foreign ministers of Iran and Pakistan are due to meet next month.

The two countries will also set up a committee of five senior officials from either side to finalise the project.
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