Progress made on Pakistan-Russia stream gas pipeline project

The Nation  |  Nov 28, 2021

A progress was made on the stream gas pipeline project between Pakistan and Russia as the dates for the signing of relevant agreements and documents have been finalised, citing sources.

Diplomatic sources said that Russia greenlighted important matters related to the construction of a stream gas pipeline in Pakistan.

The dates for the signing of relevant documents and agreements have been finalised for the stream gas pipeline project.

The construction work of the project will be commenced in 2022.

It was learnt that Pakistan and Russia have agreed on a dialogue draft for making progress on the shareholders’ agreement.

An agreement to formally establish a company for pipeline’s construction will be signed on January 31, 2022.

The signing of the legal documents will pave way for the establishment of a special purpose company. Islamabad and Moscow will sign the stream gas pipeline project’s shareholders’ agreement on February 15, said sources.

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