Exit Iran’s oil minister, and a pipeline too

India’s quest to expand the use of natural gas as a major energy source has experienced several recent setbacks.

The prospects for the US$7.5 billion Iran-India-Pakistan (IPI) gas pipeline took a big hit with the dramatic firing of Iran’s oil minister, who had reportedly agreed to sell gas to the two countries at a discount. Further, the Indian government has dramatically reduced the estimated gas reserves of recent finds that were announced with much fanfare.

AsiaTimes