Try GOLD - Free
$5-billion undersea UAE-Gujarat gas pipeline proposed
Financial Express Mumbai
|May 16, 2023
Proposal sent to petroleum ministry
SOUTH ASIA GAS Enterprise (SAGE), an international consortium of companies in deepwater pipeline projects, has sought the support of ministry of petroleum and others to develop an undersea gas pipeline from Gulf to India.
"We have carried out both technical and financial feasibility of the project, and have received positive response from various stakeholders. We now need the diplomatic and political support to take it forward as this requires long-term government-level agreement," SAGE director Subodh Kumar Jain said.
The proposed 2,000-km-long energy corridor connecting Middle East and India, a $5 billion project, can lead to an annual saving of about ₹7,000 crore in comparison with similar quantity of liquefied natural gas (LNG) import.
This story is from the May 16, 2023 edition of Financial Express Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Mumbai
Financial Express Mumbai
Iran offer rejected by Trump
AN IRANIAN PROPOSAL so far rejected by US President Donald Trump would open shipping in the Strait of Hormuz and end the US blockade of Iran while leaving talks on Iran's nuclear programme for later, a senior Iranian official said on Saturday.
1 mins
May 03, 2026
Financial Express Mumbai
Mitigating costs of start-stop war
The government claims that 'all is normal'. The RBI seems more aware of the costs and consequences of the war
3 mins
May 03, 2026
Financial Express Mumbai
Signs of hope
How inclusion is becoming par for the course at public events, with interpretation services also growing to match the needs of the deaf community
5 mins
May 03, 2026
Financial Express Mumbai
Daring to be irreverential
Hanif’s new novel has courage & candour to treat history with comic fervour
4 mins
May 03, 2026
Financial Express Mumbai
W Asia war may double CAD
INSURANCE AND FREIGHT costs, once elevated, may not quickly return to pre-February 28 levels because of persistent uncertainty.
1 min
May 03, 2026
Financial Express Mumbai
Kotak Bank Q4 PAT up 13.4%
REPORT CARD
1 min
May 03, 2026
Financial Express Mumbai
US warns of sanctions over Iran's Hormuz toll
Says shipping firms to face ire if paying Iran to pass strait
2 mins
May 03, 2026
Financial Express Mumbai
Europe must bolster defences: Germany
@ US TROOPS PULLBACK
1 min
May 03, 2026
Financial Express Mumbai
Scientists unveil lost map for smell
Odour receptors in the nose are not distributed at random but organised in a precise spatial pattern
2 mins
May 03, 2026
Financial Express Mumbai
You don't have to be filthy rich to enjoy an airport shower
Affordable arrivals lounges offer amenities like nap pods and showers for weary passengers to freshen up
2 mins
May 03, 2026
Translate
Change font size