Pakistan-Russia discusses, from port Qasim to Kasur, ‘gas pipeline’
By Staff ReporterThursday – November 19, 2020
According to a press release, the energy ministry — petroleum division — and Russian energy ministry held first Pakistan-Russia technical committee meeting from November 16 to 18, 2020, in the federal capital.
The gas for the project will be sourced through existing and new liquefied natural gas (LNG) terminals at port Qasim.
Both sides agreed to sign a protocol for amendment in the intergovernmental agreement (IGA), earlier signed in 2015, between both the governments to reflect the revised implementation structure of the project after requisite approvals from respective governments.
The energy minister (EM) Omar Ayub Khan lauded the technical committees from both sides for finalisation of protocol to the IGA for the expeditious implementation of the project.
The special assistant to prime minister (SAPM) for petroleum (SAPM-P) Nadeem Babar said the gas pipeline is a stepping stone towards greater cooperation between Pakistan and Russia in the energy sector.
He added that Pakistan is fully committed for an early realisation of the project.
SAPM-P Babar shared prime minister (PM) Imran Khan’s desire to see the project’s successful execution.
Pakistan and Russia are keenly interested to invest in the project and embark upon its timely, cost effective and successful implementation for the benefit of the people of Pakistan while ensuring optimum gas tariff.
Both sides affirmed maximum utilisation of Russian and Pakistani materials, equipment and resources with an aim to enhance technical and operational capacity of Pakistani companies and human resource through mutual working and training.
The parties agreed in principle to implement the project through a special purpose company to be incorporated in Pakistan by Pakistan and Russian parties, wherein Pakistan will have the majority shareholding.
The Russian delegation composed of representatives from Russian energy ministry, embassy of Russia in Pakistan and from Russian companies and corporations.
The Pakistani side included representation from energy ministry — petroleum division, foreign office, law and justice division and inter state gas systems (private) limited.