Managing Director Inter State Gas Systems Limited (ISGSL) of Pakistan Mobin Saulat and Deputy Chairman Gazprom International of Russia Vitaly A. Markelov on Wednesday (Feb 6) signed an agreement for offshore oil and gas exploration, a Petroleum Division press release said.
As per details Pakistan would import up to 1 billion cubic feet gas per day from Russia, which would be transported via sea link and construction is expected to be completed in three to four years.
Minister for Petroleum Ghulam Sarwar Khan were also present at that occasion welcomed Russia’s interest in offshore oil and gas exploration and also appreciated the bilateral relations between both countries. “This project envisages transporting of gas molecules from Gazprom’s sources in the Middle East onwards to Pakistan with a possibility in extending it further to South Asian countries”. “The pipeline will follow an integrated approach including other ancillary projects such as underground gas storage, desalination and other power projects,” it was stated.
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