Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 17-Dec-2013

Iran will be supplying natural gas to India through a deepwater pipeline crossing the Sea of Oman, said Ali Amirani, marketing director of the National Iranian Gas Exports Company (NIGEC).

He said, "Negotiations were held with three Indian companies for their purchase of gas from Iran, and general agreements have been reached."

"Iran and India are expected to start talks about gas sales and pricing after the finalisation of the agreements in a months' time."

According to Amirani, India's South Asia Gas Enterprise has carried out feasibility studies for the planned 1,400km pipeline, estimated to cost $4-5 billion. Once it comes online, the pipeline would transport 31 million cubic metres per day of gas to India.

The pipeline will pump gas from Iran's gigantic South Pars gas field.

Establishment of Pars Special Economic Energy Zone was mainly done to utilise South Pars oil and gas resources and boost commercial activities in the field of oil, gas and petrochemical industries.

Located in the Gulf, South Pars gas field is a natural gas condensate field and is the world's largest gas field, shared between Iran and Qatar.

Already, Iran and India have good historical and cultural relations, are presently efforts are in place to further expand political and economic ties.

Go to previous page