Russia to Construct Iran-India Gas Pipeline: Oil Minister
Iranian Oil Minister Bijan Namdar Zanganeh said the country has accepted Russia’s proposal to construct a subsea pipeline for exporting natural gas from the Islamic Republic to India.
Speaking to reporters at a press conference in Tehran on Tuesday, 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 Russian President Vladimir Putin in the last Iranian year (March 2017- March 2018), 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, 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 cubic meters gas per day and will be built in two years, from the date necessary approvals and a gas sale and purchase agreement are signed, he said at the time.
source: Tasnim News Agency
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Gold loses some luster after Trump’s decisive win
Resolute Mining says it will pay Mali $160 million in tax dispute
Russia takes aim at US nuclear power by throttling uranium
Aluminum price to average 6% higher in 2024 on strong demand: Fitch
BHP to spend up to $14 billion on Chilean copper expansion
Trump chooses oil fracking boss as energy secretary
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project