According to diplomatic sources, Pakistan-Russia has approved key aspects of the construction of a 1100km stream gas pipeline in Pakistan.
According to sources:
Progress has been made on the stream gas pipeline project between Pakistan and Russia, with deadlines for the signing of essential agreements and paperwork finalised. The dates for signing key documents and agreements for the stream gas pipeline project have been set. Construction on the project is expected to begin in 2022.
It was learnt that Pakistan-Russia have approved on a dialogue draft for making progress on the shareholders’ agreement of 1100km Gas Pipeline for $2.5 billion. 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.