Pakistan Stream Gas Pipeline: Russia’s Key to South Asia?
Publication: Eurasia Daily Monitor Volume: 18 Issue: 123
(Source: Daily Times)
Russian Energy Minister Nikolai Shulginov and Pakistan’s ambassador to Moscow, Shafqat Ali Khan, signed a revised agreement on May 28 that initiates the construction of the planned Pakistan Stream Gas Pipeline (PSGP) (Minenergo.gov.ru, May 28). Formerly known as the North-South Gas Pipeline, this infrastructural mega-project (1,100 kilometers in length) is expected to cost up to $2.5 billion and should be completed by 2023. The pipeline will secure the delivery of 12.3 billion cubic meters (bcm) of natural gas per year from the liquefied natural gas (LNG) terminals in Karachi and Gwadar to the large north-central city of Lahore. Importantly, this project will be the first such large-scale economic initiative between Moscow and Islamabad undertaken since the mid-1970s.
The agreement on construction of 1100-km long north-south gas pipeline was signed by Russia and Pakistan in October 2015. Reuters/File
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.
Project has been rescheduled several times
Karmanov s ETK enters company created by TMK for involvement in Pakistan Stream with 50% stake interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.
La Russie annonce quand le gazoduc Pakistan Stream sera construit sputniknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sputniknews.com Daily Mail and Mail on Sunday newspapers.
The Russian side will be responsible for construction of the gas pipeline, while the Pakistani side - for gas sources and construction of the regasification terminal