South Asia Gas Enterprise (SAGE)

Why in News?

• The proposed 2,000-km-long energy corridor connecting Middle East and India, a $5 billion project, can lead to an annual saving of about `7,000 crore in comparison with similar quantity of liquefied natural gas (LNG) import.
• The undersea transnational gas pipeline project Middle East-India Deepwater Pipeline (MEIDP) was initially conceived between Iran and India (Porbandar) about a decade ago but failed to take off due to western sanctions.

About SAGE

• It is promoted by the New Delhi based Siddho Mal Group, in Joint Venture with a UK-based Deepwater Technology Company.
• SAGE is working with a Global Consortium of some of the most reputed companies in the field of Deepwater Pipelines, to create a Multi-Billion Dollar "Energy Corridor" that can transport gas from the Middle East to India, bypassing the land route through Pakistan.
• In quest for India's Energy Security, South Asia Gas Enterprise Pvt. Ltd. (SAGE) is undertaking a path-breaking project, to build the Deepest Underwater Transnational Gas Pipeline.
• Also known as "Middle East to India Deepwater Pipeline (MEIDP)", this will be a Gas Highway that will connect the Gas Rich Gulf & Middle East regions to India, for the transportation of Natural Gas to secure India’s Energy Needs.
• In addition, SAGE also plans to supply Natural Gas to Oman/ UAE on its Pipeline Route to India, and seeks to further build Cooperative Relations with the friendly Gulf and Middle East countries.