Managing Director of National Iranian Gas Company (NIGC) Ali-Reza Kameli said on Tuesday Iran-India negotiations aimed at construction of seabed gas pipeline through Sea of Oman and Indian Ocean is being pursued seriously.
‘The 4.5 billion dollar pipeline project will transfer 31.5 million cubic meters of Iranian gas to Gujarat Port in the west of India,’ said Kameli in a press conference on the sidelines of the 5th New Delhi Energy Policies Conference.
He said that after the signing of the gas sales contract between the two countries the construction of the pipeline will take two years.
The NIGC managing director said that the formerly constructed pipeline to Pakistan which was earlier scheduled to transfer gas also to India is an option for the Indians and if they will be interested Iran welcomes the idea.
Kameli said that the NIGC is also in contact with the concerned Pakistani officials on that pipeline’s destiny.
‘Now, we are talking with the Indian company South Asian Gas for construction of the seabed pipeline,’ he added.
He said that Iran possesses 34 trillion cubic meters of natural gas, which is about 18% of the world’s gas resources, and therefore capable of providing the required gas both to Asia and to Europe.
‘We have thus far singed gas export contracts with Turkey, Iraq and the UAE,’ said Kameli, adding that gas exports to Iraq will soon begin.