India-Iran-Pakistan gas pipeline project to be signed in June, 200

New Delhi, Feb 6 (UNI) The proposed Rs 35,000 crore gas pipeline project between India, Iran and Pakistan is expected to be signed by the last week of June, this year, Minister of Petroleum and Natural Gas Murli Deora has said.

Talking to newspersons here today, Mr Deora said both India and Pakistan are comfortable with the formula suggested by a global consultant.

He said the pipeline if built will bring Iranian gas to the energy starved South Asian countries.

The international consultant Gaffney, Cline and Associates has recommended linking the gas price to the average of the 6-month Japanese crude basket, preceding the month of delivery, he added.

UNI