Pakistan stream gas pipeline to be completed by 2025: Russian Energy Minister

Image

ISLAMABAD: A high-powered Russian delegation is currently in Islamabad for critical talks on the Pakistan Stream Gas Pipeline Project. When contacted, an official of the petroleum ministry said that talks with the Russian delegation, led by A.A. Tolparov, deputy director of department of foreign economic co­­operation and fuel markets development, were continuing and exp­e­cted to conclude on Thursday (today), following which an official announcement on the project was expected.

Russian Energy Minister Nikolai Shulginov said last month that the completion of the Pakistan stream gas pipeline construction was expected in 2025 in case of stable financing of the project. If a deal is struck, the Russian side will be responsible for construction of the gas pipeline, and the Pakistani side for gas sources and construction of a regasification terminal, according to Russian news agency, TASS.

The intergovernmental agreement on construction of 1100-km long north-south (Pakistan stream) gas pipeline with the capacity of 12.4 billion cubic metres of gas per year was signed by Russia and Pakistan in October 2015. The two sides were to sign commercial agreements in 2016, whereas it was planned to deliver the project by 2018, but the project’s implementation has been rescheduled several times.

The Russian energy minister and Pakistan’s Ambassador to Russia Shafqat Ali Khan signed a document in Moscow on May 28 to start practical implementation of the Pakistan Stream Gas Pipeline Project.

You May Also Like

Image

Asif Zardari to address joint sitting of parliament in April

ISLAMABAD: President Asif Ali Zardari will address the joint sitting of two houses of parliament in third week of April. He will

Image

Helping Pakistan with energy crisis is priority for Washington

WASHINGTON: The United States has stated that “helping Pakistan address its energy shortage crisis is a priority” for Washington.

Image

Why FIA probing Imran-Shah Mehmood Qureshi sparing other recipients: IHC

ISLAMABAD: The Islamabad High Court on Wednesday wondered why the Federal Investigation Agency (FIA) was probing