Iran has generally agreed to deliver natural gas to India through a deepwater pipeline crossing the Sea of Oman, marketing director of the National Iranian Gas Exports Company (NIGEC), Ali Amirani said.
“Negotiations were held with three Indian companies for their purchase of gas from Iran, and general agreements have been reached,” he said.
He added that Iran and India are expected to start talks about gas sales and pricing after the finalization of the agreements in a months’ time, Iran’s SHANA news agency reported.
Amirani stated that India’s South Asia Gas Enterprise Pvt. Ltd. (SAGE) has conducted feasibility studies for the planned 1,400-kilometer pipeline, which is estimated to cost $4-5 billion.
He said the pipeline is expected to transit 31 million cubic meters (MMcm) per day of gas to India when it comes on-stream.