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India Gets Mandate for Pipeline Discussion

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The mandate was given to India’s petroleum ministry to hold talks with other governments regarding cross-border gas pipelines.

The Cabinet Committee on Economic Affairs mandated the ministry to engage with Myanmar, Bangladesh, Pakistan, Afghanistan, Iran and Turkmenistan.

“Energy security is a key component of the National Common Minimum Program. To sustain higher economic growth of 7-8 percent per annum, it is imperative to look for cost-effective and long-term arrangements to meet our energy requirements,” said the cabinet.

India’s domestic production is lacking so being supplied from other sources is crucial.

The current estimated natural gas demand in India is 150 million standard cubic metre per day (MMSCMD), but availability is only 83 MMSCMD. This includes 74 MMSCMD of domestic production and 9 MMSCMD of liquefied natural gas (LNG) imports.”

“Implementation of these proposals (for pipeline gas imports) would reduce the large deficit between demand and supply of natural gas and would increase energy security in terms of availability as well as affordability,” said the Government.

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India Gets Mandate for Pipeline Discussion
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