Learning English - Words in the News 04 August, 2006 - Published 16:53 GMT The proposed IPI gas pipeline | ||||||||||||
Officials from India, Pakistan and Iran are meeting in Delhi to discuss proposals to build a gas pipeline linking the three countries. This report from John Sudworth: The proposed pipeline from Iran, would be a huge boost for energy starved India, which currently produces only half of the natural gas it needs. The country's energy demands are expected to double within the next fifteen years. The pipeline would also bring financial benefit to Pakistan, which it would cross on route from Iran, earning the Pakistani government millions of dollars in transit fees. The United States is opposed to the project because of the financial and strategic benefits it would give to Iran but India and Pakistan are pressing ahead with the talks. The last meeting between the three nations in May this year failed to reach agreement on the price of the gas. India wants to pay a fixed amount per unit delivered to its border. But Iran wants the cost to be linked to fluctuating international energy prices, saying the price being offered by India and Pakistan is half of what it's looking for. If these issues can be resolved work could begin on the new pipeline by the end of next year. John Sudworth, BBC, India a huge boost for energy starved India transit fees financial and strategic benefits a fixed amount per unit delivered fluctuating international energy prices | LATEST STORIES 27 May, 2011 Destruction of smallpox virus delayed 25 May, 2011 Micro-finance 'misused and abused' 20 May, 2011 Lonely planets 18 May, 2011 Germany to invest in more electric cars 16 May, 2011 Argentina builds a tower of books Other Stories | |||||||||||