India Plans Major Subsea Gas Pipeline from Oman to Enhance Energy Security
India working on subsea gas pipeline project: Oman route plan to help mitigate risks brought to fore by Hormuz Strait block
The Economic TimesImage: The Economic Times
India is advancing plans for a ₹40,000 crore ($4.7-4.8 billion) subsea gas pipeline from Oman, aimed at ensuring stable gas supplies amid geopolitical tensions affecting the Strait of Hormuz. The project, expected to take five to seven years to complete, will significantly boost India's natural gas capacity and reduce reliance on volatile LNG spot markets.
- 01The subsea pipeline from Oman is projected to cost ₹40,000 crore ($4.7-4.8 billion).
- 02The pipeline aims to deliver approximately 31 mmscmd of natural gas to India.
- 03India's natural gas demand is expected to rise to 290-300 mmscmd by 2030.
- 04The project will avoid geopolitical hotspots, enhancing supply security.
- 05India currently lacks strategic gas reserves, making this pipeline crucial for energy stability.
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India is set to construct a ₹40,000 crore ($4.7-4.8 billion) subsea gas pipeline from Oman, with plans accelerating in response to the ongoing crisis in the Strait of Hormuz. The Middle East-India Deep-water Pipeline (MEIDP) will span 2,000 km under the Arabian Sea, delivering around 31 million standard cubic metres per day (mmscmd) of natural gas directly to the Gujarat coast. This initiative comes as India's natural gas consumption is projected to rise significantly, from approximately 190-195 mmscmd currently to nearly 290-300 mmscmd by 2030. The project aims to provide a stable and cost-competitive gas supply, reducing India's dependence on LNG spot markets and mitigating risks associated with maritime chokepoints. Recent studies have confirmed the feasibility of the project, which is expected to take five to seven years to complete. The pipeline will connect India to gas reserves in Oman, UAE, Saudi Arabia, Iran, Turkmenistan, and Qatar, which collectively hold around 2,500 trillion cubic feet of gas reserves. This strategic move highlights India's urgent need to enhance energy security and address its current lack of gas storage capacity.
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The subsea pipeline will enhance India's energy security, providing a stable gas supply that could lower prices and reduce volatility in energy costs for consumers and industries.
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