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Source: The post is based on the article “$5-billion undersea UAE-Gujarat gas pipeline proposed” published in The Hindu on 18th May 2023
What is the News?
South Asia Gas Enterprise (SAGE) has sought the support of the Ministry of Petroleum and others to develop an undersea gas pipeline from the Gulf to India.
What is the Middle East to India Deepwater Pipeline (MEIDP)?
It has been proposed by South Asia Gas Enterprise (SAGE).
It is a 2,000-km-long energy corridor that aims to connect the Gas Rich Gulf & Middle East regions to India, for the transportation of Natural Gas to secure India’s Energy Needs.
The route being looked at is via Oman and UAE through the Arabian Sea to avoid geopolitically sensitive regions.
The pipeline will allow options to import gas from Oman, UAE, Saudi Arabia, Iran, Turkmenistan and Qatar, a region with 2,500 trillion cubic feet (tcf) of gas reserves.
The pipeline is projected to deliver 31 million metric standard cubic meters per day (mmscmd) of gas to India under a 20-year long-term supply contract.
If realized, the pipeline could result in annual savings of around 7,000 crores compared to importing an equivalent quantity of liquefied natural gas (LNG).
What is South Asia Gas Enterprise (SAGE)?
SAGE is an international consortium of companies in deepwater pipeline projects.
It is being promoted by the New Delhi-based Siddho Mal Group, in Joint Venture with a UK-based Deepwater Technology Company.