As tensions mount between Iran and the west over the Islamic state’s nuclear ambitions, Tehran seems to be adopting an Ostpolitik, looking to China and India for political and energy ties. Opec’s second-largest oil producer, which also has the world’s second-biggest gas reserves, is wooing Asia’s fast-growing and energy-hungry economies.
The courtship started with two big deals for long-term exports of liquefied natural gas to China and India. And there are bigger plans afoot with New Delhi, involving an export pipeline via Pakistan.
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