According to the sources, The Pakistan and Russia have inked an agreement for the construction of a 1,100-kilometre-long stream gas pipeline from Karachi to Lahore which will be completed by 2023at the cost of $2.5 billion.
As per details, The agreement of the Pakistan Stream Gas Pipeline Project was inked in a ceremony by secretary petroleum Arshad Mahmood and the director of the Russian energy ministry, The Energy Minister Hammad Azhar and representatives of the Russian energy ministry have also attended the signing ceremony.
The Energy Minister Hammad Azhar said that the gas pipeline project was facing a delay since 2015 and both countries have inked an agreement for technical cooperation, The gas pipeline project will be completed by 2023 at the cost of $2.5 billion.
Hammad Azhar further added that 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 also said that Oil and Gas Regulatory Authority (OGRA) will finalise the tariff of the gas pipeline that will be used for gas supply from the northern to the southern part of the country.
Hammad Azhar said that cooperation in the economic and energy sectors will be increased through the latest agreement, The head of the Russian delegation Alexander Tolparov said that the gas pipeline project will become a milestone for Pakistan in terms of energy security.
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