North-South gas pipeline: Russian government approves draft agreement with Pakistan

The Russian government has approved a draft agreement with the Government of Pakistan on co-operation in the construction of the North-South gas pipeline, a statement on the Russian Cabinet website said. RT Global Resources, a subsidiary of Russia''s State Technologies Corporation Rostec and Pakistani Inter State Gas System (ISGS) announced a project to build Pakistan''s oil and gas infrastructure in December 2014. The project includes the construction of liquefied natural gas terminals as well as the North-South gas pipeline in Pakistan.
Pakistani Prime Minister Nawaz Sharif announced in July that his country had fulfilled the necessary formalities for laying the pipeline and was waiting for Russia to sign a relevant agreement. This agreement provides favourable conditions for the construction of the North-South gas pipeline, with Russian participation, in the Islamic Republic of Pakistan, from the city of Karachi to the city of Lahore. The government approved the proposal submitted by the Russian Energy ministry. The proposal said the agreement provides favourable conditions for the construction of the North-South gas pipeline in the Islamic Republic of Pakistan from the city of Karachi to the city of Lahore. The implementation of the agreement will be overseen and co-ordinated by the Russian Ministry of Energy and the Pakistani Ministry of Petroleum and Natural Resources.