March 25, 2010

China Backs Away from IPI Pipeline

According to a report originating at Upstream (an oil & gas industry publication out of Norway) an unnamed senior mandarin in Beijing told Iran that China would not invest in the IPI (India-Pakistan-India) pipeline project to bring gas from Iran's south Pars fields. The source said an extension to China through Pakistan and via roughly the Karakoram Highway was too difficult at present and wouldn't be considered for at least 5 years. China's preference is to buy gas direct from Iran most likely in LNG form....

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