Pakistan Russia formally Ink $ 2 billion pipeline deal

[PakEagle]

October 16, 2015
Russia and Pakistan have signed an agreement to build a natural-gas pipeline from Lahore to the Arabian Sea port of Karachi.
Officials announced on October 16 that the North-South pipeline will be built by a subsidiary of Russia's Rostec company and that Russia will invest about $2 billion.
The agreement was signed in Islamabad by Russian Energy Minister Aleksandr Novak and Pakistani Petroleum Minister Shahid Khaqan Abbasi at an event attended by Pakistani Prime Minister Nawaz Sharif.
The first phase of the 1,100-kilometer project is scheduled to be completed by December 2017. Ultimately, it will have a capacity of 12.4 billion cubic meters per year, connecting liquefied natural gas terminals in Karachi and Lahore.
The entire project should be completed by 2020.
Novak is expected to visit Tehran on October 21 for a two-day visit to discuss energy cooperation.
Based on reporting by Bloomberg, TASS, and AFP

Russia, Pakistan Ink Gas-Pipeline Deal

 

[PakEagle]

Great to see all CPEC projects and other major infrastructure projects are moving faster than planned.

 

[somebozo]

Pakistan China and Russia have an integrated future by CPEC...

 

[Echo_419]

October 16, 2015
Russia and Pakistan have signed an agreement to build a natural-gas pipeline from Lahore to the Arabian Sea port of Karachi.
Officials announced on October 16 that the North-South pipeline will be built by a subsidiary of Russia's Rostec company and that Russia will invest about $2 billion.
The agreement was signed in Islamabad by Russian Energy Minister Aleksandr Novak and Pakistani Petroleum Minister Shahid Khaqan Abbasi at an event attended by Pakistani Prime Minister Nawaz Sharif.
The first phase of the 1,100-kilometer project is scheduled to be completed by December 2017. Ultimately, it will have a capacity of 12.4 billion cubic meters per year, connecting liquefied natural gas terminals in Karachi and Lahore.
The entire project should be completed by 2020.
Novak is expected to visit Tehran on October 21 for a two-day visit to discuss energy cooperation.
Based on reporting by Bloomberg, TASS, and AFP

Russia, Pakistan Ink Gas-Pipeline Deal

Good news for Pakistan

 

[Tipu7]

Thanks comrade Putin.
Sorry for kicking your butt in Chechnya and Afghanistan. Now we are friends...... and can become deep friends.......

Add up Iran and Afghanistan in CPEC at proper time, then there will be no stopping of new super power axis,.......

Good news for Pakistan

Thanks for wishing. Hope you are wishing with pure heart .......

 

[silent hawk]

Historic agreement

 

[Truth Finder]

Does Russia have the money??? Russian economy has crashed. Bogus BS. It's like the news reportings of 1990s when Russia was "about to sell Sukhoi" to Pakistan. Presently, Russia needs economic relief which bankrupt Pakistan can not provide. It's the economy, stupid.

 

[LonE_WolF]

A good news indeed

 

[Shotgunner51]

Good news!

Pakistan-Russia-China trilateral coop!

Russia Agrees to Build Pakistan Gas Line to Tap China Funds - Bloomberg Business

@vostok @senheiser

 

[Knight Rider]

Does Russia have the money???.

Now you are doubting Russian too ?????? Iran survived Sanction Russia can also.

 

[rubyjackass]

Sounds like a pipeline to nowhere at this point. We only heard of bridges to nowhere so far.

 

[FlyCheatter]

...well, talking about 'sanctions' ... I am of opinion (and some more here) that one of the best things has happned to Russia in resent times are those 'sanctions'...
..so about the project I have read it in Russian news today, so Rostec claimed as well (Ростех :: Новости :: В Пакистане при участии Ростеха будет построен газопровод , thoug not in Eng yet), and it definately has money Rostec

 

[xyxmt]

Does Russia have the money??? Russian economy has crashed. Bogus BS. It's like the news reportings of 1990s when Russia was "about to sell Sukhoi" to Pakistan. Presently, Russia needs economic relief which bankrupt Pakistan can not provide. It's the economy, stupid.

looks like rat hole is filled with water

 

[FlyCheatter]

Does Russia have the money??? Russian economy has crashed.

...don't go that far that premature, boy..

 

[saiyan0321]

A much needed development project of natural gas. This will ensure the supply of gas throughout the two provinces and will also allow us to combat the gas shortage.

This investment from Russia also holds another positive that our relations with Russia are improving and with them pouring 2 billion in our land shows that they trust pak economy and believe its on the rise with cpec. This will really help the bilateral relations between the two nations.