8 August 2016 - 13:19
  • News Code: 266556
Iran-India Gas Pipeline Under Technical, Economic Investigation

TEHRAN, Aug 08 (Shana) – Managing Director of National Iranian Gas Exporting Company (NIGEC) Ali-Reza Kameli said on Monday that the project for export of Iranian gas to India will undergo technical and economic investigation.

Kameli said the pipeline is about 1,400 kms long and in certain areas 3,500 meters deep.

He said for the time being, the Indian party along with a number of powerful European companies are busy conducting feasibility studies on the pipeline which carries Iranian gas to India and has announced that the project is practical.

"We wait to see what a cost and method the Indian party proposes for the project to transfer Iranian gas to India. Of course, before the talks on the issue with the Indian purchasers are final, the cost of the pipeline transfer and the net profit of the exports to India should be estimated and an analysis of the cost and benefit lead us to the conclusion whether the project is economical."

National Iranian Petrochemical Company has investigated three paths for transfer of Iranian natural gas to the Indian Subcontinent: One through deep, one through less deep onshore and land paths.

Because due to its geographical location and gas reserves, Iran can meet gas needs of regional states, including India.

Years of experience shows that Iran is a safe supplier of energy worldwide and regarding nature of the gas contracts and their long-term nature, trust among countries is of high significance and will encourage cultural and social engagements and friendship among countries.

News Code 266556

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