• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 15 hours US Military Spends at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 9 mins How many drilling sites are left in the Permian?
  • 1 day China To Promote Using Wind Energy To Power Heating
  • 16 hours "Undeniable" Shale Slowdown?
  • 1 day Climate Change Protests
  • 1 day Gas Flaring
  • 19 hours Overheating the Earth: High Temperatures Shortened Alaska’s Winter Weather
  • 16 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 7 hours U.S. Refiners Planning Major Plant Overhauls In Second Quarter
  • 2 days Oil at $40
  • 8 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 15 hours Everything Is Possible: Germany’s Coal Plants May Be Converted to Giant Batteries
  • 2 days Negative Gas Prices in the Permian
  • 2 days Japan’s Deflation Mindset Could Be Contagious

Breaking News:

Guaido Takes Strides To Topple Maduro

The World’s Most Unorthodox Oil Nation

The World’s Most Unorthodox Oil Nation

Norway has followed a quite…

India, Russia Discuss US$25 Billion Gas Pipeline

Modi Putin

India and Russia are studying the construction of a gas pipeline to transport Russian gas from Siberia to India, over 2,800-3,700 miles. The value of this giant infrastructure project is estimated at up to US$25 billion. A memorandum of understanding was signed by state company Engineers India Ltd. and Gazprom on Saturday.

The length of the pipeline would vary depending on the route that will be chosen, should the two nations agree to go ahead with the project. If the partners choose the route through the Himalayas and into northern India, it will be the shortest one.

The two other alternatives are building it through Central Asia, Iran and Pakistan, to western India, or – the longest route – through China and Myanmar. It’s the longest route that has been estimated to cost the US$25 billion.

There is, however, an alternative to a Russia-India pipeline, and this is a project for the transportation of Iranian gas via Pakistan into India. This pipeline has been estimated to cost less than the one from Russia, and it’s likely that Iran will do its best to convince India that its pipeline is the better choice. On the other hand, given long-standing tensions between India and Pakistan, the former may be less willing to depend on gas-carrying infrastructure that passes through the latter.

According to Engineers India, the transportation costs of the Russian gas will be US$12 per million British thermal units, although other industry experts mention US$4 per mmBtu as a more realistic cost.

This compares with less than US$1 per mmBtu for the Iran-Pakistan-India pipeline and US$2 per mmBtu for another pipeline that is already in development: the Turkmenistan-Afghanistan-Pakistan-India pipeline, funded by the Asian Development Bank. TAPI will carry 33 billion cubic meters of natural gas from Turkmenistan to Afghanistan, Pakistan and India.

The news about another major Russian-Indian project comes days after Rosneft announced it has teamed up with global commodities trader Trafigura and an investment fund, UCP, to acquire 98 percent of India’s Essar Oil.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News