



New Delhi, Feb 14: India has proposed setting up of an Asian gas grid and a pan-Asian cooperation forum that will look beyond trade to investment in the regional gas sector. A meeting of Asian energy ministers is being planned to discuss the issue.
Addressing the inaugural session of the third Asia Gas Buyers Summit, petroleum minister Mani Shankar Aiyar said a gas grid for the Asian region would work to the advantage of the entire continent. The grid would connect gas-rich nations in the Gulf and Siberia to consumption centres in India, China and Japan.
The proposed Iran-India pipeline via Pakistan could be extended to South China via Burma, while a network of pipelines could link former Soviet republics of Kazakhstan and Turkmenistan with East Russia on the one hand and demand centres, India and China, on the other. Gas-rich Myanmar and Indonesia could also form part of the grid.
As India looks to secure gas supplies from different regions, the minister urged an Asian dialogue to help access gas supplies from Iran in the west, Myanmar in the east and Central Asian gas from the north. He also urged delinking the Asian gas economy from the Asian oil economy, developing gas as the favoured fuel of the 21st century as technology makes it feasible to substitute oil with gas.
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