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Joint Venture agreement signed amongst 5 Oil and Natural Gas PSUs for NE Gas Grid

20-07-2018


Taking a step towards Honble PM Shri Narendra Modis ambitious Urja Ganga Gas Pipeline Project, a Joint Venture Agreement was signed today amongst the five Petroleum and Natural Gas PSUs viz. IOCL, ONGC, GAIL, OIL & NRL at NRL Corporate Office, and Guwahati for executing the North-East Natural Gas Pipeline Grid Project.

The business of the JV Company shall be to develop, build, operate and maintain the Natural Gas Pipeline Grid connecting Guwahati to the major North-Eastern cities and major load centers like Numaligarh Refinery etc. including integrating it with gas producing fields, wherever feasible, in North East India. The estimated length of the proposed NE Natural Gas Pipeline Grid is around 1500 Kms having an estimated project cost of Rs. 6000 crores. The tentative time schedule for commissioning this NG Gas Grid will be four years, including one year pre-project activities.

The Joint Venture Company will have equal equity contribution from all the JV partners for development of this Natural Gas Pipeline Project. 

The Gas Grid Project will connect the State capitals of all the 8 North Eastern States, namely, Assam, Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland, Tripura and Sikkim. The Gas Grid Project will connect all NE States to the National Gas Grid through Barauni-Guwahati Gas Pipeline being laid by GAIL. From Guwahati, the pipeline will extend to Numaligarh, Dimapur, Kohima and Imphal in one direction; Shillong, Silchar, Aizawl and Agartala in the second direction and to Itanagar in the third direction. Gangtok will be connected from Siliguri from the gas pipeline of GAIL coming from Barauni to Guwahati.     

The Joint Venture Agreement was signed by Shri H K Singh, ED (Project) from IOCL, Shri R Kaul, GM-Chief-BD & JV from ONGC, Shri D M Rao, CGM (PD) from GAIL, Shri B K Mishra, CGM (PL) from OIL and Shri A K Bhattacharya, Sr.CGM (Corporate Affairs) from NRL in presence of other senior executive from these companies.

 

 

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