Energy
0

Oman as Gas Transit Hub

Oman as Gas Transit HubOman as Gas Transit Hub

Oman is likely to play a major role as a potential transit hub in plans for a deepwater pipeline supplying natural gas from Iran to India, a report said. India’s top trade lobby, the Associated Chambers of Commerce and Industry of India, is mooting expeditious implementation of the multibillion-dollar project, Trade Arabia reported. Assocham’s report highlighted the important role of Oman in the implementation and future operation of the project. The estimated 1,300-km pipeline is expected to start from Chabahar Port on Iran’s southern coast and terminate near Porbandar (Gujarat) on India’s west coast. Oman can also capitalize on this link to channel any surplus volumes of its own into the network, the report noted. “It can include Oman, which is a gas rich country. Such a pipeline will provide Oman and Iran to have a ready access to a growing gas consuming market,” it said.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com