South Asia Gas Enterprise (SAGE), an international consortium of companies in deepwater pipeline projects, has sought the support of the ministry of petroleum and others to develop an undersea gas pipeline from the Gulf to India.
Why in News?
- 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.
- The undersea transnational gas pipeline project Middle East-India Deepwater Pipeline (MEIDP) was initially conceived between Iran and India (Porbandar) about a decade ago but failed to take off due to western sanctions.
- It is promoted by the New Delhi based Siddho Mal Group, in Joint Venture with a UK-based Deepwater Technology Company.
- SAGE is working with a Global Consortium of some of the most reputed companies in the field of Deepwater Pipelines, to create a Multi-Billion Dollar "Energy Corridor" that can transport gas from the Middle East to India, bypassing the land route through Pakistan.
- In quest for India's Energy Security, South Asia Gas Enterprise Pvt. Ltd. (SAGE) is undertaking a path-breaking project, to build the Deepest Underwater Transnational Gas Pipeline.
- Also known as "Middle East to India Deepwater Pipeline (MEIDP)", this will be a Gas Highway that will connect the Gas Rich Gulf & Middle East regions to India, for the transportation of Natural Gas to secure India’s Energy Needs.
- In addition, SAGE also plans to supply Natural Gas to Oman/ UAE on its Pipeline Route to India, and seeks to further build Cooperative Relations with the friendly Gulf and Middle East countries.
Q1) What is LNG used for?
Once LNG is regasified at room temperature, it is used the same way as any natural gas—it is burned to generate electricity, heat, and cooking fuel in homes and businesses, as well as processed for plastics or other petrochemical products.