FINANCIAL NEWS

India, Oman mull underwater gas pipeline

21 Sep 2010

(MENAFN) Times of Oman reported that India is actively considering building a deepwater transnational gas pipeline from Oman for transporting natural gas sourced from Turkmenistan, Iran and Qatar.

Considered as a major energy corridor linking Middle East with India, the proposed sub-sea pipeline will meet the additional gas requirement of the United Arab Emirates (UAE), Oman and India, besides easing gas transportation issues of producing countries like Turkmenistan, Iran and Qatar.

Subodh Kumar Jain, Director of South Asia Gas Enterprise Pvt Ltd (SAGE), said that the planned pipeline will connect energy producing countries such as Iran, Turkmenistan, Qatar, and will pass through the UAE and Oman, all the way to India.

For the gas to be routed to Oman from Qatar, Iran and Turkmenistan, additional pipelines will be needed. Gas sourced through this will carry an additional transportation tariff, which will accrue to SAGE, he said.

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