Home Daily Blitz India Invests $11BN In Iran Gas Sector

India Invests $11BN In Iran Gas Sector


The following is an excerpt from rt.com | July 3, 2017 |

With increasing gas consumption in India, the country has been looking to diversify its supplies. Iran, which is emerging from sanctions, has been picked for investment.

Iran has guaranteed a "reasonable return" for Indian investors, who are ready to spend $11 billion on the country’s natural gas and LNG infrastructure.

India’s ONGC Videsh plans to invest $6 billion in the Farzad-B field and spend the rest to build a liquefied natural gas export facility, according to managing director Narendra Kumar Verma.

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