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Page added on July 24, 2006

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Iran says LNG supply agreement with India in trouble

India’s $20 billion (Dh73.56 billion) deal to buy liquefied natural gas, or LNG, from Iran over 25 years has run into trouble, Iran’s foreign minister was quoted as saying yesterday.


Separately, negotiations have reached a deadlock on another ambitious deal to build an India-Iran gas pipeline through Pakistan.

The two projects were billed as crucial solutions to ease India’s energy shortage as its economy grows at one of the fastest rates in the world.
Gulf News



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