Kazakhstan Chamber of Commerce in the USA

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India eyes $40-bn pipeline from Russia to import gas 0

Posted on August 18, 2014 by KazCham

Business Intelligence from Colibri Law Firm: Issue #92

In a move aimed at ensuring India’s energy security, the Narendra Modi-led government plans to import huge volumes of natural gas from Russia. 

China has already finalised a similar gas pipeline deal with Moscow for importing gas. New Delhi also plans to import crude oil from Moscow and the logistics for the same are being worked out.

Two routes are being considered for the gas pipeline project. One is from Russia’s southern border to India via the Himalayas and the second from Russia – Astrakhan – Khazakstan — Uzbekistan and then along the Turkmenistan-Afghanistan-Pakistan route to India (TAPI gas pipeline).

The proposed project from Russia to India is almost four times the cost of the $10-billion (or Rs. 60,000-crore) Iran-Pakistan-India (IPI) gas pipeline project, also called the peace pipeline, which has failed to take off due to security concerns over the pipeline traversing through Pakistan.

The cost of the other onland gas pipeline project from Turkmenistan to India via Afghanistan and Pakistan (or the TAPI) project is also close to $8-10 billion.

GAIL India Ltd will be associated with this project along with a consortium of other state-owned oil and gas companies including Oil and Natural Gas Corp (ONGC), Oil India Ltd and Indian Oil.

Kazakhstan Daily News Roundup – December 6, 2010 0

Posted on December 06, 2010 by KazCham

HEADLINES:

KazNex Invest tries to drum up exports, investments
(bne) – In an economy dominated by the natural resources sector and next door to the world’s largest manufacturer, diversifying the economy is no easy task. KazNex Invest, Kazakhstan’s investment and export promotion agency, is trying many different ways to make this happen.

Swiss authorities investigate Kulibayev money laundering allegations – report
(SRI) – Swiss prosecutors have reportedly launched an investigation into money laundering allegations by Kazakh billionaire Timur Kulibayev, according to British and Kazakh media.

ENERGY:

ONGC to soon sign pact for Kazakh block – source (Reuters)

KMG’s Rompetrol to focus on Balkan, CIS as parent boosts production (Bloomberg)

BUSINESS AND ECONOMY:

Court documents allege ‘corrupt’ Kazakhstan regime’s link to FTSE firms (The Guardian)

Mandelson’s speeches for multi-billion fund run by Andrew’s Kazakh friend (Mail Online)

Colliers International expands into Kazakhstan (Property Magazine)

National Bank of Kazakhstan: Exchange rates December 4-6, 2010 (Kazakhstan Today)

REGIONAL:

Kyrgyzstan renews attempts to build coalition government (Reuters)

British bank RBS to sell Uzbekistan unit to KDB (AFP)

SOURCE: http://silkroadintelligencer.com/2010/12/06/kazakhstan-daily-news-roundup-december-6-2010/



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