Wednesday, August 30, 2006

Bilateral Trade: India asks Iran to honour LNG deal

India has asked Iran to honour a $ 25 billion LNG deal the two countries signed in June last year.

Iran has reneged on the LNG deal in retaliation to the Indian vote against Tehran at the IAEA Board of Governors meeting last year on the issue of Iranian nuclear programme. Under the deal, Iran was to supply Liquefied Natural Gas to India for 25 years beginning 2006-2007.

The request was made during the visit to Delhi of Iranian Deputy Foreign Minister Mehdi Safari (Iran has five DFMs). Safari held talks with Secretary (East) Rajiv Sikri and also met National Security Adviser M K Narayanan and Foreign Secretary Shyam Saran.