India's downstream gas regulator approves LPG pipeline infrastructure worth $731 million
India's downstream gas regulator approves LPG pipeline infrastructure worth $731 million Aug 21 (Reuters) - India's downstream petroleum and gas regulator said on Friday it has approved the laying of about 1,800 km of LPG pipeline infrastructure at an estimated investment of 70 billion rupees ($731.49 million).
The Petroleum and Natural Gas Regulatory Board said the pipelines will pass through six states: Telangana, Maharashtra, Uttar Pradesh, Uttarakhand, Karnataka and Goa.
The projects have been authorised for development by India's top natural gas distributor GAIL India GAIL.NS, the regulator said.
Upon completion, the country's common-carrier liquefied petroleum gas pipeline network will expand more than 23% to about 9,500 km.
The plan reflects India's efforts to bolster energy-supply resilience as conflict in the Middle East and geopolitical risks raise concerns over fuel trade routes.
India relies significantly on imported LPG, the regulator said, and the new pipelines are intended to improve the movement of supplies and the country's ability to respond effectively during supply disruptions and emergencies.
The projects are also expected to reduce the movement of LPG tank trucks, improving road safety, lowering logistics costs and easing traffic congestion.
($1 = 95.6950 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru; Editing by Jonathan Ananda)
((mridula.kumar@thomsonreuters.com))
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