Iran Ready to Supply Gas to India Through Underwater Pipeline

Iran is ready to supply natural gas to India through a deepwater pipeline crossing the Sea of Oman, an Iranian official said.

“Negotiations were held with three Indian companies for [their] purchase of gas from Iran, and general agreements have been reached,” Ali Amirani, director of marketing at National Iranian Gas Exports Company (NIGEC), said, reports Press TV.

According to Press TV, the director added that Iran and India are expected to start talks about gas sales and pricing after the finalization of the agreements in a months’ time.

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 $4-5 billion and would carry 31 million cubic meters (mcm) per day of gas to India.

The gas would come from Iran’s gigantic South Pars gas field.

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