ISLAMABAD: Pakistan and Russia have finalised historic agreement for layingdown $2 billion North-South RLNG pipeline from Nawabshah to Lahore.
The draft agreement has been handed over to respective legal teams forconverting it into legal language.
A pipeline of 300 kilometers will also be laid down from Karachi toNawabshah if the need be. Under the BOOT deal, both sides have finalisedthe payment and invoicing mechanism and reached agreement on operationaland termination mechanism.
During the four-day talks, Pakistan was represented by the Inter-State GasSystem (ISGS) and Russia by the RT Global.
The talks got underway in Islamabad from October 15 and ended on October 18.
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According to the Inter-State Gas System MD Mobin Saulat, the BOOT agreementhad been finalised and its draft handed over to the legal team.
The Russian company will hand the project over to Pakistan after 25 years,as it will be executed under the BOOT arrangement.
