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Pak, Russia ink agreement for construction of gas pipeline

Latest Update: October 16, 2015 | 191 Views

ISLAMABAD: Pakistan and Russia have signed an inter-governmental agreement for the construction of gas pipeline project from Lahore to Karachi.

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi and Russian Energy Minister Alexander Novak signed the agreement in Islamabad today.

Prime Minister Nawaz Sharif also attended the signing ceremony.

The 1,100 kilometer pipeline with a capacity of 12.4bcm per annum will connect liquefied natural gas terminals of Karachi with those of Lahore.

Russia will make an investment of two billion dollars in the project, the first phase of which will be completed by December 2017.


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