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Home >> Business
UPDATED: 10:30, September 03, 2005
Deal on Iran's LNG export to India finalized: official
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A top Iranian security official said Friday that a long-mulled deal on Iran's export of Liquified Natural Gas (LNG) to India had been finalized, the official IRNA news agency reported.

"The issue of exporting Iran's LNG to India has been finalized," Ali Larijani, secretary of Iran's Supreme National Security Council, was quoted as saying upon his return from Tehran after wrapping up a crucial visit to India.

Larijani said that the issue of exporting Iran's LNG to India through Pakistan and creating a transit route as well as other political issues figured high on his talks with Indian officials.

He said that the two countries will take full advantage of their potential capacities to boost bilateral ties and create sustainable stability in the region.

"Iran and India believe that the unused capacities in their political, economics and cultural fields should be defined," Larijani said.

Larijani, also Iran's chief nuclear negotiator, kicked off his visit to India on Wednesday.

The visit came before International Atomic Energy Agency chief Mohamed ElBaradei will present a comprehensive report on Tehran's nuclear program to the agency on Sept. 3.

Iran resumed uranium conversion activities on Aug. 8 and raised international worries over the prospect of diplomatic solution to the nuclear issue.

The European Union has urged Iran to suspend the sensitive nuclear activities before Sept. 3, or it will face the referral of its nuclear case to the UN Security Council.

Tehran has said it will never halt conversion activities and it is planning to resume more advanced uranium enrichment activities in the future.

According to official statistics, Iran has 26,800 billion cubic meters of gas in proven reserves, the second in the global list.

Tehran has intensified efforts in recent years to promote LNG export mainly to China and India.

Source: Xinhua


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