TEHRAN, Oct 9: Iran and Pakistan have agreed to periodic revision of gas prices as part of a pipeline deal to carry Iranian gas via Pakistan to India, the Isna news agency said on Tuesday, quoting the local export company.

“The two parties have agreed that each side submit its demands for gas price revision to the other side every three years, taking into account the situation on the international market,” said a statement issued by the National Society for Gas Exports from Iran.

The two countries have also agreed on other terms, particularly dealing with “situations of force majeure and the law governing the agreement”. According to the statement, the Indian side — opposed to a price review system — may take part in future talks.

Hojatollah Ganimifard, Iran’s deputy minister in charge of the project, said last month that Iran and Pakistan had reached an agreement, in the absence of India, on the pipeline.—AFP