Russia, India discuss IPI gas agreement

ISFAHAN: Russia is currently discussing signing a memorandum with India on the Iran-Pakistan-India (IPI) gas pipeline project, Russian Energy Minister, co-chairman of the intergovernmental commission of Russia and Iran on trade and economic cooperation Alexander Novak told reporters.

"The Iran-Pakistan-India gas pipeline was also discussed yesterday [with the Iranian oil minister]. We have signed a memorandum with Iran and Pakistan. Now we are working with our Indian colleagues to sign a memorandum with them," Novak said.

According to him, despite the difficult situation with Iran, the project can be implemented. "In general, this project is quite interesting, and I think that it can be implemented. But for this, additional work should be carried out, conditions for implementing the project, sources of gas, financing, etc.," the Minister said.