A deal on “North-South” Gas Pipeline is signed.

20 October 2015

On the photo: Novak and Abbasi sign the deal in Pakistan.

Russia’s Energy Minister Alexander Novak and Pakistan’s Minister for Petroleum and Natural resourses Shahid Khaqan Abbasi have signed an intergovernmental agreement on building “North-South” Gas Pipeline. It’s a joint project of RT Global Resources, a subsidiary of Russia’s state technologies corporation Rostec, and the Pakistani Inter State Gas System (ISGS). The 1100 km pipeline will connect liquefied natural gas terminals in Karachi in the south of Pakistan with the city of Lahor in the north of the country. Estimated cost of the project is $2,2 billion.

According to Mr. Novak, Gazprom will take part in negotiations on liquefied natural gas supplies from Russia to Pakistan. “We also consider a possibility of liquefied natural gas supplies from Russia to the Islamic Republic of Pakistan as our partners are interested in increasing gas supplies that includes from Russia. We’ll continue our talks, and Gazprom will participate”, noted Mr. Novak.

Earlier Russia’s Prime Minister Dmitry Medvedev signed a direction according to which in the course of implementation of the project it is envisioned that broadest scope of Russian technologies and materials will be used as a large number of Russian scientific and engeneering agencies will be engaged.