Construction of the Pakistan Stream gas pipeline is scheduled for completion in 2025 with the condition of stable financing of the project, Nikolai Shulginov, the Minister of Energy of the Russian Federation, announced this information to journalists on the sidelines of the SPIEF-2021.
"If everything is normal with financing, we expect the project to be fully implemented in 2025," the minister said.
He added that the Russian side will be responsible for the construction of the pipeline, while the Pakistani side will be responsible for gas sources and construction of the regasification terminal.
The intergovernmental agreement on the construction of the North-South gas pipeline (Pakistan Stream) with a length of about 1.1 thousand km and a capacity of 12.4 billion cubic meters of gas per year was signed between Russia and Pakistan in October 2015. The parties were to sign commercial agreements in 2016, and the facility was planned to be commissioned by 2018, but the terms of the project have been postponed several times. On May 28, 2021, Russian Energy Minister Nikolai Shulginov and Pakistani Ambassador to Russia Shafqat Ali Khan signed a document that will allow the practical implementation of the Pakistan Stream gas pipeline project to begin in the near future.
GSV "Russia - Islamic World"
Photo: Creative Commons
Based on materials from TASS