RetrofitTech Dubai
 
Wednesday, September 20, 2017
Directory Directory Subscribe
Login
 

India and Iran close to strike $4.5 billion undersea gas pipeline deal

 
 

Please, enter data

Please, enter data

International Business Times, 17 March 2016

Reports have emerged over the likelihood of India sealing a new deal with Iran that will see the construction of a direct 1,400-km undersea gas pipeline from the Iranian port city of Chabahar to the Gujarat coast.

The $4.5 billion gas pipeline project, when completed, will be able to transport up to 31.1 million standard cubic meters per day, the Tribune reported. The planned pipeline will be bypassing Pakistan's exclusive economic zone via the Oman Sea and Indian Ocean.


"Yes, the deal for the Iran-India undersea gas pipeline will be done. Matters have become easier as the U.S.-imposed economic sanctions on Iran have been lifted (on Jan. 16)," the Tribune reported, citing a top official in the Indian government.

The gas pipeline between India and Iran has been in negotiations for several years now and is of great strategic value to the Indian government. A final decision in this regard will boost Indian efforts find an alternate way to connect India to Afghanistan and Central Asia.

This pipeline was taken up following India's rejection of a similar project called Iran-Pakistan-India gas pipeline, which would have seen a pipeline built on shore via Pakistan. India pulled out of the project citing security and commercial concerns.


IANS had reported previously that the Iranian government was in negotiation with South Asia Gas Enterprise (SAGE) for the construction of the undersea pipeline and it will be leading an international consortium for building it.

Previously, India had agreed to invest around Rs. one lakh crore for the development of Iran's Chabahar Port, PTI reported. The Chabahar port has a special economic zone (SEZ).

India is also likely to fund a rail link between Chabahar and Zahedan in Iran. Zehedan is located at the tripoint of borders of three countries -- Iran, Afghanistan and Pakistan.

The rail link, when completed, will connect Chabahar to the International North–South Transport Corridor (NSTC) linking India, Iran, Azerbaijan and Russia. This link will reduce the transport cost for Indian products gaining access to Central Asia.

Further, it will also connect India to Afghanistan, given the fact that Zahedan is closer to the Afghanistan's strategic Zaranj-Delaram road (Route 606), which was built by India in record time.

Meanwhile, Oman too is expected to join the Iran-India gas pipeline at a later stage. Oman has positive and closer relationship with both Iran and India.
International Business Times
17 March

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Qatar expects to sign more air transport agreements this yea: Qatar Civil Aviation Authority Chief
Gulf Times, 18 September 2017

Qatar expects to sign more air transport agreements this yea: Qatar Civil Aviation Authority Chief
Over 100 UAE firms shift operations to Qatar
The Peninsula Qatar, 18 September 2017

Over 100 UAE firms shift operations to Qatar
Qatar opens up visitor visa process to more nationalities
The Peninsula Qatar, 18 September 2017

Qatar has made it easier for more people to secure visit visas to the country through a new Electronic Travel Authorization system.
 
...

Read full story
Qatar opens up visitor visa process to more nationalities
Back to Home Page 2704 --- 0 <><><> 658.66666666667.....exvideo=0....eximage=0
P 2
BR 20

Kuwait Infrastructure Week 2017

 
Electric Vehicles UAE
26 - September 2017
3rd Annual Smart Parking UAE
27 - September 2017
2nd Annual Future Drainage & Stormwater Networks Dubai
2 - October 2017
Future Play and Playspaces KSA
2 - October 2017
2nd Annual Future Accessibility & Assistive Technology Dubai
8 - October 2017
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Future Landscape & Public Realm Qatar 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Hospitality Iran - 23 January - 26 January 2018  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Heavy Max
Hospitality Qatar
HQ - Food Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Erbil
Project Iraq Erbil
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2017 - © All rights reserved