As per a news article in Hindustan Times, Government of India plans to import huge volumes of natural gas from Russia. Central government is giving finishing touch to a $40-billion (Rs. 2.4 lakh crore) mega land pipeline project carrying gas from Russia to India. People have started speculating it to be India’s biggest energy project till date, which has been conceived to ensure India’s energy security.
PMO along with ministry of petroleum and natural gas are working on a feasibility study of this new project.
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.
source: Hindustan Times