INDIA HUNTS FOR ENERGY
Iranian President Mahmoud Ahmadinejad met with India's president, prime minister and other senior officials before returning home. The brief stop, following visits by Mr. Ahmadinejad to Pakistan and Sri Lanka, was aimed at pushing ahead billions of dollars of energy deals between Iran and India.
But India at the same time is edging closer to Iran's chief enemies -- the U.S. and Israel -- meaning it must increasingly balance partnerships with widely diverging interests.
Few details on the status of India and Iran's long-planned energy projects emerged immediately after the Iranian president's meetings. One project -- an estimated $7 billion gas pipeline that would run through Pakistan -- has been under discussion since 1994. In another potential pact, India plans to buy millions of tons of liquefied natural gas each year from Iran. Differences over pricing have slowed talks.
Read the report by Peter Wonacott:
Read Jackie Range's report on India's decision to lift its reserve ratio:
