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India, Russia to study building USD 25 billion pipeline- The 18th China(Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
10/18/2016 steel tube expo-tube &pipe expo |
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PTI reported that India and Russia have agreed to explore building the world''s most expensive pipeline costing close to USD 25 billion to ferry natural gas from Siberia to the world''s third biggest energy consuming nation.
Officials said that the pipeline is to connect Russian gas grid to India through a 4,500 km to 6,000 km pipeline. The shortest route will entail bringing the pipeline through Himalayas into Northern India, a route which poses several technical challenges.
They said that alternately, the pipeline can come via Central Asian nations, Iran and Pakistan into Western India. However, the route will be expensive when compared to the long discussed but shorter and cheaper Iran-Pakistan-India pipeline. Tehran may suggest India take its gas through IPI rather than building such an expensive pipeline. The third and the longest alternative is to lay a pipeline through China and Myanmar into North East India bypassing Bangladesh.
According to preliminary cost estimate prepared by state-owned Engineers India Ltd, which yesterday signed an agreement with Russian gas monopoly Gazprom for studying the Russia-India pipeline, the longest route of 6,000 km may cost close to USD 25 billion.
According to EIL, the cost of transporting gas may be USD 12 per million British thermal unit.
The MoU signed in the presence of Prime Minister Narendra Modi and Russian President Vladimir Putin at the India-Russia Annual Summit on sidelines of the 8th BRICS Summit here, also envisages roping in ONGC Videsh Ltd, gas utility GAIL India Ltd and Petronet LNG Ltd for the study.
Sources said that natural gas produced in East Siberian fields is to be pumped into Russian gas grid which would be connected to India through the cross-country pipeline network.
While the cost of transporting gas via the long discussed IPI pipeline is less than USD 1 per mmBtu, the same for the Turkeministan-Afghanistan-Pakistan-India (TAPI) pipeline is around USD 2 per mmBtu.
According to industry experts, a realistic transportation cost would be USD 4 per mmBtu for the Russia-India gas pipeline. This excludes the transit fee to be paid to nations through which the pipeline will pass.
- The 18th China(Guangzhou ) Int’l tube
& pipe Processing Equipment Exhibition
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