“With the closing of (nuclear) PMD case, there is no longer any impediment on the way of increasing relations between Iran and India,” Zarif said, adding that New Delhi can cooperate with Tehran in development of Chah Bahar Port as well as other economic, trade, and banking activities.

“The 4.5-billion pipeline is set to pump 31.5 mcm of Iran’s gas to India’s western Gurjarat port,” Ali-Reza Kameli was quoted saying to reporters on the sidelines of the Fifth World Energy Policy Summit in New Delhi.

Gas-rich Iran which holds the largest reservoirs of 34 tcm or 18 percent of the global resources has entered into contracts for export of natural gas to neighboring Turkey, Pakistan, Iraq, and UAE.

“Iran has the capacity to increase it gas export and boost presence in the global markets,” Menelaos Ydreos said on the sidelines of an IGU meeting, adding that Iran’s gas industry is advanced and systematic.