Russia sign agreement for construction of a Gas pipeline from Lahore to Karachi
ISLAMABAD: Pakistan and Russia signed an inter-governmental agreement on Friday for the construction of a gas pipeline from Lahore to Karachi, Radio Pakistan reported.
Russia will invest $2 billion in the project, the first phase of which is expected to conclude by December 2017.
The 1,100 kilometre pipeline with a capacity of 12.4 billion cubic metre per annum will connect Karachi's liquefied natural gas (LNG) terminals with those in Lahore.
The agreement was jointly signed by Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi and Russian Energy Minister Alexander Novak in a ceremony attended by Prime Minister Nawaz Sharif.
Prime Minister Nawaz Sharif and Russian President Vladimir Putin while meeting on the sidelines of the Shanghai Cooperation Organisation summit in Ufa earlier this year discussed progress on the North-South gas pipeline agreement and had decided to expedite progress on the project.
Nawaz had also remarked that Pakistan wished to develop a multi-dimensional relationship with Russia in the fields of trade, defence, energy, infrastructure, culture and other spheres.
In August, Pakistan and Russia signed a landmark defence deal for the sale of four Mi-35 ‘Hind E’ attack helicopters to Pakistan and are currently in talks about the delivery of Sukhoi Su-35 fighter jets.
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