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, fertilizer and steel plants in an environment-friendly and affordable way and for sustainable supply of the fuel, according to an Assocham study released on Tuesday.
“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 here 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 fertiliser 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.
Latest posts by ET Energy World (see all)
- Adani Enterprises could wait up to two years for Carmichael mine approval - February 21, 2019
- N Chandrasekaran kickstarts process to shrink 1,000+ Tata subsidiaries - February 21, 2019
- Ratnagiri refinery: Aramco CEO says will catch up in case of delay due to location shift - February 20, 2019