What is the main cause of failure of Pak-Iran-India gas pipeline project?

What is the main cause of failure of Pak-Iran-India gas pipeline project?

  • (A) Public opinion against the project
  • (B) Economic and political pressure of USA
  • (C) High price demanded by Iran
  • (D) Conflict between India and Pakistan
THE fundamental reason for the collapse of the Pak-Iran-India IPI gas project, which forced India to withdraw in 2009 and left the Pakistan-Iran leg unrealized, was the result of US pressure on economic and political levels. It was claimed by India on the basis of security concerns, whereas the financial barriers by Pakistan did arise, yet the key resistance was the US sanctions threat on Iran. That threatened US sanctions spooked investors, financiers, and partner countries from concluding a deal that would invite US sanctions.
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Related MCQs:

 ‘NATO’ is an abbreviation of:

  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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