Iran to India pipeline consultant evaluation begins

Vol 9, PW 10 (25 Aug 05) News in Brief

The oil ministry has begun evaluations to select a financial consultant for the proposed overland gas pipeline from Iran to India through Pakistan.

Information with this report reveals three consultants are competing for the mandate: KPMG, Ernst & Young and Standard Chartered. All three made presentations on 23rd August to an oil ministry team led by additional secretary Talmiz Ahmad with joint secretary gas Ajay Tyagi and representatives from Indian Oil and GAIL.

Financial offers of the bidders will be opened on (Friday) 26th August and the oil ministry plans to award the contract by 1st September. The selected consultant will advise the government on the structure of the project; arrangements needed to ensure its security and viability as it crosses hostile Pakistani territory; and pricing of the gas.

GAIL has been appointed the lead company to oversee the imports of piped gas from Iran to India through Pakistan.