India plans to set up national gas grid

INDIA is likely to set up a national gas grid over the next five to seven years with an initial investment of up to $3.91billion, according to the country’s petroleum minister, Ram Naik. He told members of the Petroleum Consultative Committee that India’s gas infrastructure major GAIL “had conceptualized a national gas grid project linking various gas sources and potential markets through an inter-state high-pressure gas pipeline network.” This project would optimize the efficient utilisation of gas in various parts of the country, he added.


 


Naik said the first phase of the national gas grid would involve construction of 6,500-7,000km of cross-country pipelines. The project would involve an investment of between $3.47billion and $3.91billion over the next five to seven years, he said.

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