"Negotiations are under serious consideration" for a pipeline from Iranian coast via Oman Sea and Indian Ocean to Gujarat, National Iranian Gas Export Co (NIGEC) Managing Director Alireza Kameli said at the World Energy Policy Summit here.

The pipeline is planned to carry 31.5 million standard cubic meters gas per day and will be built in two years from the date of necessary approvals and a gas sale and purchase agreement (GSPA) being signed, he said.

New Delhi has not been participating in talks on the 1,036-km Iran-Pakistan-India gas pipeline since 2007 citing security and commercial concerns but has never officially pulled out of the USD 7.6 billion project.

Later talking to reporters, Kameli said Iran was currently pursuing only the Iran-Pakistan section of the pipeline. The pipeline can be extended to India if New Delhi is interested, he said. "If India is interested, we definitely can look at it."

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