NO LONGER DELAY MIDDLE EAST TO INDIA DEEP WATER PIPELINE PROJECT: PHD CHAMBER

NO LONGER DELAY MIDDLE EAST TO INDIA DEEP WATER PIPELINE PROJECT: PHD CHAMBER

NO LONGER DELAY MIDDLE EAST TO INDIA DEEP WATER PIPELINE PROJECT: PHD CHAMBER

 

No.PR-41
June 12, 2015
New Delhi

NO LONGER DELAY MIDDLE EAST TO INDIA DEEP WATER PIPELINE PROJECT: PHD CHAMBER
 

PHD Chamber of Commerce and Industry has appealed to the government to multiply its efforts so that the proposed middle East to India Deep Water Pipeline Project is executed without any further delay for smooth inflow of natural gas from this region to enable India realize its energy security sooner than later as also walk on the higher growth trajectory to catapult its economy in particular.
 

The proposed route of the project from Middle East Port to Porbandar in South Gujarat via Arabian Sea could be ideal as over 2,000 Trillion Cubic Feet (TCF) of natural gas is held by the countries in the region with high success rate of natural gas exploration at 79% vis-à-vis world average of 30-35%, according to the Chamber.
 

Its President Mr. Alok B. Shriram said that India has very good trading relationships with the countries in the region particularly since gas rich middle east is looking for new export markets and India is one such leading economy, suitably located to receiving natural gas from this region to serve its economy better.
 

In an SOS forwarded to the Ministries of Petroleum & Natural Gas, External Affairs, Prime Minister Office including the office of National Security Advisor, the Chamber has emphasized the need for trans-national gas pipeline project to bring in natural gas from middle east and other gulf nations through the undersea route, direct to India, avoiding Pakistan totally.
 

There is also no payment of transit fee to any other country for implementation of the Project.
 

According to PHD Chamber, the project is technically feasible and commercially viable and overcome the severe natural gas shortage in India, which is likely to continue for many years since the natural gas share in the total energy basket of India is 10% currently against the world average of 24%.  This is likely to go up to 25% by 2025.
 

It also been emphasized that in the last ten years whereas China has constructed 4 major transnational gas pipelines from its neighbouring countries to realize its energy security, India has not moved an inch and thus the time has come to intensify India’s efforts for the proposed undersea pipeline project.
 

The length of the pipeline could be around 1300 km with maximum depth of 3500 meters.  Its suggested route has been divided into five different intervention requirement zone consisting of shallow water and continental slope zone including deep water section and seamount section in addition to Indus fan section.
 

The project would benefit a great deal the gas based power plants with 22,600 mw of installed capacity as also significantly help in capacity enhancement of such projects.  The domestic fertilizer sector with equally gain in after the suggested project becomes functional.
 

In addition, the implementation of the proposed projects will carry forward the Made in India Vision of the Prime Minister Mr. Narendra Modi and provide lots of business opportunities to Indian companies during construction phase.  India has also been working on transnational gas pipeline projects like IPI and TAPI for the last 20 years but could not make any progress as such pipelines pass through Pakistan.  While LNG is welcome, it's unaffordable for Power and Fertilizer industry.
 

ENDS

Koteshwar Prasad Dobhal
Consultant (PR)