“At last, the long-awaited gas pipeline contract between PAK & RUSSIA has been signed.” – Ukaaj.com | A great real estate is HERE !

“At last, the long-awaited gas pipeline contract between PAK & RUSSIA has been signed.”

  • 2 months ago
  • News
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Islamabad: According to news sources, The higher-ups of Pakistan and senior officials of ETK, a Russian Company, on Monday started negotiated to finalize the construction agreement for Pakistan Stream Gas Pipeline (PSGP ) project.
Russian cooperation is work together to construct the PSGP project with Pakistan. Russia will finance 30 % of the project while Pakistan would pay 70 % of the overall cost of the North-South Gas Pipeline.
1.2 Billion cubic feet of imported gas will be delivered from Karachi to Lahore to overcome the shortage. Former Additional Secretary Petroleum Divison Ayub Chaudhry said that he supports the construction of the gas pipeline project by Pakistani businesses. In addition, he noted that Sui North Gas Pipeline Limited (SNGPL) has already started work on the South-North Gas Pipeline for Liquefied Natural Gas(LNG), which will be less costly.

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