09-27-2005, 11:12 PM
<b>Iran warns India over atomic backlash</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Analysts said Iran and India had a lot to gain to work together in the energy sector as Indian firms can win projects in Iran without competition from US oil majors and India was an attractive market for Iranian oil and gas.
"I don't think the Iranians will say that just because you voted against us, we will scupper all future deals. India is a large consumer and it will be difficult for Iran to ignore it," said Pravin Martis of consultancy Wood Mackenzie.
But Indian officials said gas supplies from Iran and service contracts for the giant Yadavaran field, estimated to hold 3 billion barrels, and the Jufeyr field may be delayed.
"We were expecting Iranian LNG by 2009. Now, we are not sure. They may put some roadblocks which can at least delay it. Even in normal times things move slowly with Iran," an official at a Indian energy firm said.
India signed a $22 billion deal to import LNG from Iran for 25 years from 2009 but officials say the deal, signed with the National Iranian Gas Export Co, has not been ratified and guaranteed by Iran's national oil company.
"We have signed the deal and agreed on the price, but so far it is not a legally enforceable contract," he said.
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Here goes India's energy security in Air thanks to stupid Manmohan and his joker Aiyar.
"I don't think the Iranians will say that just because you voted against us, we will scupper all future deals. India is a large consumer and it will be difficult for Iran to ignore it," said Pravin Martis of consultancy Wood Mackenzie.
But Indian officials said gas supplies from Iran and service contracts for the giant Yadavaran field, estimated to hold 3 billion barrels, and the Jufeyr field may be delayed.
"We were expecting Iranian LNG by 2009. Now, we are not sure. They may put some roadblocks which can at least delay it. Even in normal times things move slowly with Iran," an official at a Indian energy firm said.
India signed a $22 billion deal to import LNG from Iran for 25 years from 2009 but officials say the deal, signed with the National Iranian Gas Export Co, has not been ratified and guaranteed by Iran's national oil company.
"We have signed the deal and agreed on the price, but so far it is not a legally enforceable contract," he said.
<!--QuoteEnd--><!--QuoteEEnd-->
Here goes India's energy security in Air thanks to stupid Manmohan and his joker Aiyar.