Business Latest Pakistan Top Stories

Pakistan, Russia sign MoU for feasibility study of gas pipeline

ISLAMABAD: The Inter-State Gas Systems (ISGS)  of Pakistan and Russian giant Gazprom signed a Memorandum of Understanding (MoU) for carrying out a joint feasibility study regarding gas supplies from the Middle East to South Asian countries.

The MoU was inked by ISGS Managing Director Mubeen Saulat and Gazprom board member Vitaly Markelov.  The agreement was signed during a meeting between a Russian delegation and Petroleum Minister Ghulam Sarwar Khan.

the MoU is a follow-up to the one signed by the two countries in September 2018 for a planned offshore gas pipeline.

“The two countries have concluded various proposals in the energy sector, including construction of North-South Gas Pipeline, import of LNG from Russia, installation of air mix plant and establishing a 600MW combined cycle power plant,” Foreign Office (FO) spokesperson Dr Muhammad Faisal had said regarding the MoU when it was finalised in June 2018.

The project will eventually involve four countries — Pakistan, Iran, Russia and India.