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Current Natural Gas Project Development- South Asia Gas Enterprise Pvt. Ltd. (SAGE) |
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Taking advantage of India’s economic growth and realizing the need to assist in energy security, the Siddho Mal Group is now taking the initiative to independently develop a Multi-Billion dollar new Energy Corridor, through its company, South Asia Gas Enterprise Pvt. Ltd. (SAGE), in technical collaboration with a UK based Technology company.
In this project, SAGE will build a series of undersea natural gas pipelines from the Gulf Region to India through a Global Consortium of companies during the next 10 -15 years.
Project Presentations have been made in India, Middle-East, Europe & USA and Long Term Gas supply discussions are on with a number of Gulf, Middle East & CIS countries at highest levels.
SAGE builds on the already extensive study done in 1990’s for the Oman to India deep-water pipeline route. This deep-water route is the shortest distance between the gas reserves in the Middle East and the coast of Gujarat, India’s gas hub.
SAGE will play an important role in reducing the demand-supply gap of natural gas for India during this decade and onwards. Financial closure is expected by 2012.
Peritus International Ltd. is the Project Management and Design Consultant for the Gas Pipeline Project. Recent Technical studies have shown that the project is now feasible, due to advance in Deep-Sea Pipe laying & Pipe Repair Technology.
SAGE has MoU/Cooperation arrangements with some of the world’s most reputed Global & Indian Companies like Hereema, Intec Sea, Saipem, Corus, Welspun and International Oil Companies like NIGEC, Oman Oil and Gas Ministry, GAIL, Indian Oil Corporation, Engineers India Limited etc.
SAGE is also closely in touch with the Indian Government & Ministries and well as Government Companies dealing in Oil & Gas. The project also enjoys tremendous Goodwill in Gulf and Middle-East Regions. |
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| For more information, please visit www.sage-india.com |
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