North-South Gas pipeline: Pakistan-Russia reach critical agreement
ISLAMABAD: Major break through was achieved between Pakistan and Russia over the issue of the price of the LNG.
Pakistan and Russia have agreed on the price for the $2-billion North-South pipeline that will pump imported liquefied natural gas (LNG) from Karachi to Lahore to satisfy growing energy needs of Punjab.
They will sign a commercial contract soon.
“The Foreign Office played a key role in finalising the gas price with Russia ahead of Brics summit in October in order to muster Moscow’s support against Indian influence.