Nifty99000 100%

Sensex99000 100%

Article rating: 4.0
Article rating: 3.7
Article rating: 5.0
Article rating: 4.0
Article rating: 4.5
Article rating: 3.8
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating


India must push for gas pipeline from Iran-Oman: Assocham

Author: IANS/Wednesday, September 6, 2017/Categories: Oil & Gas

India must push for gas pipeline from Iran-Oman: Assocham

New Delhi - India must push for a trans-national deep water gas pipeline from Iran, passing through Oman but by-passing Pakistan, to feedstock the country's power, fertiliser and steel plants in an environment-friendly and affordable way and for sustainable supply of the fuel, according to an Assocham study.

"An undersea pipeline between Iran-Oman-India will connect the producers and consumers of gas directly. This will bypass all geo-political issues. It will also lead to more gas-to-gas competition and creating a genuine gas hub, as in Europe/USA etc," suggested the business chamber's study titled "Middle East to India Deep Water Pipeline- A Favourable Situation for All."

"India can finally connect to Gulf region, where more than 7 million Indians reside," an Assocham release said.

During 2016-17, India consumed 55,534 mscm (million standard cubic metres) of natural gas of which 24,686 mscm was imported. India is now the fourth largest natural gas importer, mainly from Qatar.

The study said India must take a stronger and more pro-active approach to build a least one trans-national gas pipeline in the next five years.

Currently, 2,500 MW gas based power generation capacity is idle, due to non-availability of low priced gas, Assocham said.

"No new fertilizer plants are being set up for same reason. There are several Indian steel plates and steel pipe manufacturers and construction companies which will gain sizeable business from the proposed pipeline, to promote/boost 'Make in India' and 'Skill India' campaigns," it said.

"Unfortunately, we have not succeeded in this effort to build trans-national gas pipelines from the neighbourhood, inspite of efforts for the last two decades. Since many years there is an endeavour to build a deepwater gas pipeline through a safe route, avoiding Pakistan and using cleaner fuel than coal," it added.

Print Rate this article:
No rating

Number of views (194)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free