Forget cheap gas, Iran tells India

In what may derail the ongoing negotiations over implementing the $8 billion plus Iran-Pakistan-India (IPI) natural gas pipeline project, India has taken strong note of the comments made recently by the Iranian deputy minister of oil for international affairs, Mohd Hadi Nejad Hosseinian on pricing of its gas.

A note received on June 25 from the Indian mission in Tehran, addressed to ministry of external affairs (MEA) and the petroleum ministry, quoted Hosseinian saying, “Iran could not pay subsidies for supply of cheap gas to India and Pakistan who have kept gas price low in their domestic markets by providing subsidies. India and Pakistan should forget purchasing low price gas from Iran and they should take advantage of the opportunity of using the “peace” gas pipeline.”
Financial Express