Iran ‘in Talks’ for $4.5bn Undersea Gas Pipeline to India

By John Lee.

The Managing Director of the National Iranian Gas Export Company (NIGEC) has said that Iran is discussing a plan to lay a $4.5-billion subsea pipeline to export natural gas to India.

But Alireza Kameli (pictured) also told The Economic Times that a proposal for another pipeline between the two countries via Pakistan is off the table due to waning Indian interest.

NIGEC is negotiating the project with South Asia Gas Enterprise (SAGE).

The proposed pipeline, with a capacity of about 31 million cubic metres of gas a day, can be built in about two years after the policy, financing and purchase tie-ups are agreed.

The expected transit fee would be about $2.25 per unit.

(Source: The Economic Times)

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