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Home World

Russia can send natural gas to Pakistani markets: Deputy PM Novak

by News Publishing
December 26, 2022
in World
Reading Time: 3 mins read
0
Pakistani firm says discovered new gas reserves in country’s south
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According to Russian Deputy Prime Minister Alexander Novak, Russia can export its natural gas to Pakistan and Afghanistan.

According to Novak, Russia can supply gas either through the infrastructure of Central Asia or through trade from Iranian territory.

Musadik Malik, Pakistan’s State Minister for Petroleum, stated on December 5 that negotiations for the purchase of liquefied natural gas are currently under on with private Russian companies (LNG). He also mentioned that Islamabad had contacts with the federal LNG producers in Russia.

The state minister said that significant progress has been in talks over the pipeline projects with Moscow.

Moscow requested that Pakistan first honor its pledge to the Pakistan Stream Gas Pipeline (PSGP), the main project, which will be built from Karachi to Lahore, Punjab.

The Pakistani team’s answer included a revision in the PSGP project’s model. The Russian side claimed that, with the exception of a few shareholding agreement elements, the project’s GtG (government-to-government) model had already been decided upon.

While this was going on, on September 18, Pakistan’s Minister of Defense Khawaja Asif added, “Russia has offered their gas pipes infrastructure has been extended to Central Asian states and can be extended to Pakistan through Afghanistan to give gas supplies.”

Russia to resume gas supplies to Europe

In addition, the deputy prime minister of Russia declared that Moscow is prepared to restart gas shipments to Europe via the Yamal-Europe Pipeline.

As long as there is a gas deficit, the European market is still relevant, and we have every chance of restarting supply, Novak was quoted as saying by TASS in comments that were made public by the agency on Sunday.

For instance, the Yamal-Europe Pipeline, which was halted due to political considerations, is still inactive.

Although the Yamal-Europe Pipeline typically travels west, it has been largely traveling east since December 2021 as Poland chose to use Germany’s gas reserves rather than purchasing from Russia.

Novak reaffirmed Moscow’s discussions for further gas shipments via Turkey following the establishment of a hub there.

Moscow anticipates shipping 21 billion cubic meters (bcm) of liquefied natural gas (LNG) to Europe in 2022, he added.

We were able to dramatically enhance LNG supply to Europe this year, according to Novak. By the end of the year, 21 bcm are anticipated, up from 19.4 bcm in the first eleven months of 2022.

Novak also revealed that Russia and Azerbaijan have agreed to raise gas supply for each other’s domestic consumption in a lengthy interview with the TASS agency, portions of which have been made public over the weekend.

“In the future, when they increase gas production, we will be able to discuss swaps,” he said. Moscow is also discussing higher supplies of its gas to Kazakhstan and Uzbekistan, he said.

Tags: Deputy PM NovaklatestNatural GasPakistani marketsRussia

News Publishing

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