km gas pipeline agreement
17 Oct, Islamabad:
Pakistan and Russia today signed a major
agreement to build a 1,100-kilometre gas
pipeline from Lahore to Karachi, that will take
cooperation between the two Cold War-era
adversaries “to a new level”.
The agreement was jointly signed by Pakistan
Petroleum Minister Shahid Khaqan Abbasi and
Russian Energy Minister Alexander Novak in a
ceremony attended by Prime Minister Nawaz
Sharif.
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 Radio Pakistan
reported.
Photo: Agency
Russia will invest USD 2 billion in the project, the
first phase of which is expected to conclude by
December 2017.
No comments:
Post a Comment