Assocham Seeks OilMin Support for Natural Gas Pipeline Project - The New Indian Express

Assocham Seeks OilMin Support for Natural Gas Pipeline Project

Published: 07th January 2014 05:56 PM

Last Updated: 07th January 2014 05:56 PM

Industry body Assocham has asked the Oil Ministry to support a subsea natural gas pipeline project being developed by South Asia Gas Enterprises (SAGE) to secure India's energy requirements.

"An underwater project to bring natural gas directly from the Middle East to India being developed by a global consortium led by SAGE may be examined for consideration of grant to support the project," Assocham said in a letter to Petroleum & Natural Gas Minister Veerappa Moily.

According to Assocham, the subsea natural gas pipeline from the Middle East to India has assumed more significance as other gas line projects likIran-Pakistan-India (IPI) and Turkmenistan-Afghanistan-Pakistan-India (TAPI) have made little progress.

SAGE has undertaken a project to build the deepest underwater transnational gas pipeline, also known as the Middle East to India Deepwater Pipeline (MEIDP), to connect the gas rich Gulf & Middle East regions to India for the transportation of Natural Gas to fulfil India's energy needs.

"One of the important features of this pipeline corridor is that it will completely bypass Pakistan thus averting major threat perception from fundamentalist elements and resultant supply disruption," Assocham Secretary General D S Rawat said.

Such projects involve geo-political implications owing to severe global competition to access natural resources like oil and gas from other countries and international companies, thus it is difficult for private firms to conclude them on their own without government support, Assocham said.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Read More



follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook