Pakistan and Russia will be jointly constructing a 1,100 km long stream gas pipeline from Lahore to Karachi, as both nations have signed an agreement in this regard, after four days of negotiations.
The project will be completed at a cost of $2.5 billion by the end of 2023.
The agreement of the Pakistan Stream Gas Pipeline Project was signed in a ceremony by secretary petroleum Arshad Mahmood and the director of the Russian energy ministry. Energy Minister, Hammad Azhar and representatives of the Russian energy ministry also attended the event
Govt of Pakistan team led by Federal Minister @Hammad_Azhar and Russia have agreed upon & signed ‘Head of Terms’ for construction of “PakStream Gas Pipeline”. This will lead to a big progress in a project that has been suffering with delays since 2015! #PakistanMovingForward pic.twitter.com/lZuJ8PzUHw
— PTI (@PTIofficial) July 15, 2021
The two sides also signed minutes of the third meeting of the Russia-Pakistan Joint Technical Committee (JTC) for implementation of the Pakstream Gas Pipeline Project – commonly known as North-South Gas project.
The minister Hammad Azhar said that project was facing a delay since 2015 and both nations have signed agreement for technical cooperation. “The north-south stream gas pipeline project was an important project while local companies will complete the work for laying gas pipeline and the material will be imported from Russia”, he added.
He further informed that Oil and Gas Regulatory Authority (OGRA) will be finalizing the tariff of the gas pipeline, which will be used for gas supply from the northern to the southern part of the country.
From : pk.mashable.com