Monday, December 10, 2012

Zardari cancels Iran gas pipeline talks - FT.com

Zardari cancels Iran gas pipeline talks - FT.com: "A planned visit to Tehran by Asif Ali Zardari, Pakistan’s president, to seal a $1.5bn gas pipeline deal to alleviate the country’s critical energy shortage was unexpectedly cancelled at the weekend amid mounting US objections to the contract.
Iran has offered Pakistan hundreds of millions of dollars to finance the long-delayed gas pipeline, according to both governments. An increasingly desperate Pakistan, however, is struggling to overcome strong opposition to the project from its US ally, which has applied economic sanctions against Tehran over Iran’s suspected nuclear weapons programme."

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