ISLAMABAD: Pakistan and Russia have broadly agreed to establish theNorth-South Gas Pipeline Project at an estimated cost of approximately $3billion, Federal Minister for Finance and Revenues Shaukat Tarin saidWednesday.
In the wake of an ongoing war between Russia and Ukraine, Pakistan willhave to move forward carefully, The Newslink reported.
Per the report, the pipeline project has become important for Pakistan tomove towards the finalisation of this important deal, mainly because thecountry could not meet its pressing energy requirements without placingthis much-awaited desired infrastructure.
Both sides had already signed the Inter-Governmental Agreement for theconstruction of the North-South Gas Pipeline of 1,122 kilometers fromKarachi to Kasur as it will increase the capacity of the country totransport imported gas from port to the central part of Punjab.
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“Yes, we have broadly agreed for establishing this multi-billion gaspipeline project with Russia and now future virtual talks were expected tofinalise the shareholders’ agreement and execution of this project,” Tarinsaid when The News inquired from him about the finalisation of North-SouthGas Pipeline Project.
