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Asia Today ISSN 1861-4604 Thursday, August 16, 2018

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Gazprom exploring Indian market

exploring it for a possible future involvement

Share on Facebook October 1, 2015, Reporter : Trend, Reader : 657

PHOTO CREDIT: Trend News Agency news

October 1 By Aygun Badalova – Trend: Russian gas giant Gazprom has set its sight on India’s energy sphere and is considering exploring it for a possible future involvement.

“Currently, Gazprom continues to explore the possibilities of its involvement in energy projects in India,” the company’s press office told Trend Oct. 1.

Gazprom has been making efforts to develop the eastern vector of its gas supplies. As analysts say, the eastern vector involves not only China, which is a part to an already signed gas supply agreement, but also India – a market that is so much attracting Russia.

Earlier, Gazprom said India is one of the most promising markets of liquefied natural gas (LNG). The company has a long-term contract with India’s largest natural gas processing and distribution company Gail for the supply of up to 3.5 million tons of LNG per year.

Aside from that, Gazprom’s participation in the ‘Turkmenistan-Afghanistan-Pakistan-India’ (TAPI) gas pipeline project has also been repeatedly discussed.

Russian media have recently quoted the former vice-president of the Indian state oil and gas corporation ONGC, Madhu Kumar Nayyar as saying that the infrastructure to export Russia’s gas to India has been for the most part created.

Nayyar said Russia’s gas could go through the ‘Central Asia-Center’ gas pipeline, which runs from Russia through Kazakhstan, Uzbekistan and Turkmenistan to the border of Afghanistan.

This gas pipeline has been used to supply Central Asia’s gas to Russia.

Nayyar believes that the pipeline may be connected to TAPI.

TAPI’s design capacity stands at up to 33 billion cubic meters of gas per year.

The gas pipeline’s total length will be 1,735 kilometers; some 200 kilometers of this will run through Turkmenistan, 735 kilometers – through Afghanistan, 800 kilometers – through Pakistan to the Fazilka township on the border with India.

The pipeline is to run from the largest gas field in Turkmenistan - the Galkynysh.

The estimated cost of the project will stand at $10 billion.

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