Undersea gas pipeline from Iran to make LNG cheap in India: former oil secretary
The Dollar Business Bureau An undersea gas pipeline of around 1,300 km from Iran, circumventing Pakistani territory, can bring natural gas to India from the Persian Gulf at prices below the rates of available LNG (liquefied natural gas) in spot market, a former oil secretary said on Tuesday. The natural gas to be imported through the pipeline estimated at over $4 billion would cost $5-5.50 per million British thermal unit (mmBtu) to reach Indian coast, less than than the prices at which some of the local fields supply natural gas, said TNR Rao, former oil secretary, while releasing a study on Iran-India gas pipeline. LNG imported into India via ships costs around $7.50 per mmBtu. “The pipeline can first travel to Oman, and then ...
Iran seeks Indian investments in Chabahar free trade zone
The Dollar Business Bureau India is looking to benefit from a sanction-free Iran through stepping up investments in energy, urban development, information exchange and infrastructure modernisation activities As part of efforts to attract funds for its infrastructure projects, Iran has asked Indian public and private firms to invest in the development of Chabahar Port and set up industrial units in a Free Trade Zone around the port. India’s External Affairs Minister Sushma Swaraj expressed the country’s willingness to take part in oil and gas exploration projects in Iran, while emphasising on the need of an early completion of all procedures for India’s participation in Farzad-B gas field. The Indian minister met Iran’s Minister of Economic Affairs and Finance Ali Tayebnia ...
