Tehran, New Delhi in Talks over Undersea Gas Pipeline: Official

TEHRAN (Tasnim) – Iran is discussing a plan to lay a $4.5 billion subsea pipeline to export natural gas to India, National Iranian Gas Export Company's Managing Director Alireza Kameli said.

Tehran, New Delhi in Talks over Undersea Gas Pipeline: Official

“Negotiations (on the undersea gas pipeline) are under serious consideration,” said Kameli at the World Energy Policy Summit in India, The Hindu reported on Monday.

The fifth edition of India's World Energy Policy Summit (WEPS), December 7-8, is underway in New Delhi. The theme for this year, 2015, is: “Securing the Energy Future – New Challenges, New Opportunities”.

He added that but a proposal of another pipeline between the two countries through Pakistan is off the table due to waning Indian interest.

The planned pipeline from the Iranian coast via the Oman Sea and Indian Ocean to Gujarat is proposed to carry 31.5 million standard cubic meters gas per day and will be built in two years, from the date necessary approvals and a gas sale and purchase agreement are signed, he said.

“We welcome India’s participation. At the moment, Iran is in negotiations with South Asia Gas Enterprise (SAGE) for construction of an undersea line,” Kameli said.

WEPS is an annual international conference seeks to bring together diverse views on various issues and developments that influence shaping policy by governments, companies and other entities pertaining to various sources of energy.

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