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by Freddie Mooche

Online Stock Market Trading India's Petroleum Secretary Sushil C Tripathi said Friday that plans for the trans India-Iran natural gas pipeline were on schedule and that the $4.5 billion pipeline should be completed by 2009.

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Stock Investing Game Feb 12, 2005 (AXcess News) New Delhi - India's Petroleum Secretary Sushil C Tripathi said Friday that plans for the trans India-Iran natural gas pipeline were on schedule and that the $4.5 billion pipeline should be completed by 2009.

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Journal Prime Rate Street Wall Part of the strategy Tripathi said was to build storage facilities in Rajasthan or Gujarat as a strategic move to guard against disruption in supplies of natural gas through the 2775-km-long pipeline. Which he pointed out, that one-fourth of it would pass through Pakistan.Tripathi's comments on building strategic facilities to guard against disruption of supplies of natural gas may have been supported by India and Pakistan's long-running border disputes, though the petroleum secretary did not specifically state so.

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Stock Market News He did say that India would seek commitments from Iran to supply liquefied natural gas as well, in case supplies were disrupted.

Stock Investing Basics The Indian government has made it clear that they will not participate in the construction of the natural gas pipeline, but would enter into a bilateral agreement to take delivery of the natural gas at its border.

Stock Investing Software Tripathi said that Iran had the responsibility of dealing with Pakistan and insure India safe delivery at its border. AdvertisementAXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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