India seeks to import LNG from Iran

Business Materials 20 September 2014 22:11 (UTC +04:00)
Tehran, Iran, Sept. 20
By Milad Fashtami - Trend:
India is willing to import LNG from Iran.
Iran's Deputy Oil Minister Ali Mejadi said that New Delhi has proposed the construct a deep-sea pipeline, Iran's ISNA News Agency reported on September 20.
"The most convenient way to export gas to India is through Pakistani soil, but India has ruled out the option," he explained.
"Iran will not able to export LNG in the next three years. However, constructing a pipeline would take probably same amount of time," Majedi said.
Iran's Ambassador to New Delhi Gholam Reza Ansari said in January that Tehran is examining ways to export natural gas to India, Press TV reported.
Ansari pointed to India's eagerness to import Iran's natural gas through a deep-sea pipeline and said Tehran is considering the feasibility of such a project.
Regarding the likelihood of exporting liquefied natural gas (LNG) to India, Ansari noted that at the present juncture Iran cannot consider that option due to its technological restrictions and said that Tehran is interested in acquiring the LNG know-how from other international companies.
The diplomat also underlined Iran's resolve to diversify its economic relations with India through joint ventures, investments and technology transfer.
In December 2013, Ali Amirani, the director of marketing at National Iranian Gas Exports Company (NIGEC), said following negotiations with three Indian firms Iran has generally agreed to export natural gas to India through a deepwater pipeline crossing the Sea of Oman.
He added that Iran and India are expected to start talks about gas sales and pricing after the finalization of the agreements in early 2014.
Amirani stated that India's South Asia Gas Enterprise Pvt. Ltd. (SAGE) has conducted feasibility studies for the planned 1,400-kilometer pipeline, which is estimated to cost USD 4-5 billion and would carry 31 million cubic meters (mcm) per day of gas to India.