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News // Transportation and storage

Bijan Zanganeh: Russia to construct Iran-India gas pipeline

06 February 2019 , 16:09Neftegaz.RU558

Teheran, February 6 - Neftegaz.RU. Iranian Oil Minister Bijan Zanganeh said the country has accepted Russia’s proposal to construct a subsea pipeline for exporting natural gas from Iran to India.


Speaking to reporters at a press conference, Zanganeh dismissed as «untrue» claims that he had not accepted the Indians’ proposal to construct the subsea pipeline, saying that the suggestion was put forward by the Russians and Iran welcomed it.


He further said during a visit to Iran by Vladimir Putin in the last Iranian year, a memorandum of understading (MoU) was signed with the Russian energy minister and the Gazprom in this regard. Currently, Russians are responsible for pursuing the construction of the pipeline, the oil minister went on to say.


Back in 2015, the then managing director of the National Iranian Gas Export Company (NIGC), Alireza Kameli, said the country was in talks on a plan to lay a $4.5 billion subsea pipeline to export natural gas to India.


The planned pipeline from the Iranian coast via the Oman Sea and Indian Ocean to Gujarat was proposed to carry 31.5 million standard m3 gas per day and will be built in 2 years, from the date necessary approvals and a gas sale and purchase agreement are signed, he said at the time.



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