India’s External Affairs Minister S.M. Krishna will be visiting Tehran on Saturday to attend the G15 summit. During his stay, Krishna is expected to re-start negotiations with Iran over the proposed $7.5 billion Iran-Pakistan-India (IPI) gas pipeline. The proposed pipeline would be 2,200-km (1,615-mile) long, linking Iran’s South Pars gas fields to Pakistan and India.
Iran has already secured the final agreement with Pakistan to launch the Iran-Pakistan segment of IPI pipeline. The two countries have also invited India to join the project. Negotiations with India broke down last year apparently after differences over proposed transit fees by Pakistan. But observers believed at the time that India was not ready politically to commit itself to a major agreement in energy sector with Iran.