Five oil PSUs ink JV pact for north east gas grid -Governance Now

Five oil PSUs ink JV pact for north east gas grid

The estimated length of the proposed NE Natural Gas Pipeline Grid is 1,500 km and would be built at Rs 6,000 crore

GN Bureau | July 23, 2018

#ONGC #IOCL #NE Natural Gas Pipeline Grid #gas grid #PSU #oil PSU #GAIL #OIL #NRL #Urja Ganga Gas Pipeline Project

A joint venture agreement was signed amongst five petroleum and natural gas PSUs namely IOCL, ONGC, GAIL, OIL and NRL in Guwahati for executing the north-east natural gas pipeline grid project. It is being seen as a step towards PM Narendra Modi’s ambitious Urja Ganga Gas Pipeline Project.

The formation of JV company is aimed to develop, build, operate and maintain natural gas pipeline grid connecting Guwahati with major north-eastern cities and load centers like Numaligarh Refinery including integrating it with gas producing fields across NE region.

The estimated length of the proposed NE Natural Gas Pipeline Grid is 1,500 km and would be built at Rs 6,000 crore. It would be commissioned within four years which includes one year pre-project activities.

The company will have equal equity contribution from all the JV partners for development of this project.

The project will connect the capitals of all eight north eastern states, namely, Assam, Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland, Tripura and Sikkim. The project will connect all NE states to the national gas grid through Barauni-Guwahati Gas Pipeline being laid by GAIL.

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