Saturday, October 17, 2015

Russia to construct north-south gas pipeline in Pakistan

Recently there have been news of increased Russian interest in cooperating with Pakistan in its defence and other fields. Already there are news of Russian willingness to supply Pakistan with its advanced SU-35 warplanes.

Now Russia signs an agreement with Pakistan for the for the construction of a gas pipeline from Lahore to Karachi.

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 project will be undertaken by Russia's RT-Global Resources and implemented in compliance with BOOT model (Build Own Operate Transfer). The built pipeline will be owned and operated by the project company for 25 years.

The construction the North-South gas pipeline in Pakistan will reach $2 bln-2.5 bln, an official with Russian state corporation Rostec told TASS.

Source | Photo
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