"The gas which India receive from Iran will be the cheapest form of energy," Iran's Ambassador in India S Z Yaghoubi said, adding all paper work concerning the project will be finished by December end this year.
"As per the formula likely to be worked out by Iran, Pakistan and India, the construction of the project will commence early next year," he said maintaining that the region was likely to get $3.5 billion worth of energy from this project.
Asserting that both Pakistan and India would benefit from the project, he said it was yet to be worked out through which route in Pakistan the pipeline would pass and what would be its delivery point in India.
He said the cost of the project was approximately $10 million and added that even China had shown eagerness to join this project.