Russia and Pakistan signed an agreement on the start of construction of the Pakistani Stream gas pipeline, the press service of the Russian Energy Ministry said on Friday.
The pipeline, which was originally planned to be called “North-South”, will stretch for 1.1 thousand kilometers from Lahore in the north of the country to the port city of Karachi, where terminals for receiving liquefied gas are located.
The pipe will be able to pump 12.4 billion cubic meters of gas annually, at least part of which Russia plans to supply in the form of LNG.
The corresponding agreement (without specifying the volumes) was signed in 2017.
The protocol on the start of construction, which was planned back in 2015 and then postponed due to funding problems and price disputes, was signed by Russian Energy Minister Nikolai Shulginov and Pakistani Ambassador Shafkat Ali Khan.
Shulginov noted “a lot of work” done to sign the document, and said that the project “can help the Pakistani side to strengthen its own energy security.”
The construction of the pipe will be entrusted to the state corporation Rostec. The cost of the project has not been disclosed.