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Talks with Russian team on gas project under way - Newspaper


The agreement on construction of 1100-km long north-south gas pipeline was signed by Russia and Pakistan in October 2015. Reuters/File
ISLAMABAD: A high-powered Ru­­s­­sian delegation is currently in Islamabad for critical talks on the Pakistan Stream Gas Pipeline Project.
When contacted, an official of the petroleum ministry said that talks with the Russian delegation, led by A.A. Tolparov, deputy director of department of foreign economic co­­operation and fuel markets development, were continuing and exp­e­cted to conclude on Thursday (today), following which an official announcement on the project was expected.
Project has been rescheduled several times ....

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Pakistan Stream gas pipeline to be built before 2026


4 Jun in 15:00
Completion of the Pakistan Stream gas pipeline construction is expected in 2025 in case of stable financing of the project, Energy Minister Nikolai Shulginov said on the sidelines of the St. Petersburg International Economic Forum on Friday.
In case of stable financing we expect the project to be fully implemented in 2025, he said, adding that the Russian side will be responsible for construction of the gas pipeline, while the Pakistani side - for gas sources and construction of the regasification terminal, TASS reported.
The intergovernmental agreement on construction of the 1,100-km-long North-South (changed its name to Pakistan Stream) gas pipeline with the capacity of 12.4 bln cubic meters of gas per year was signed by Russia and Pakistan in October 2015. The sides were to sign commercial agreements in 2016, whereas it was planned to deliver the project by 2018, though the project’s implementation has been rescheduled several times. Nikolai Shul ....

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Investments in Pakistan Stream construction seen at $1.5-2 bln — Russia's Energy Ministry - Business & Economy


Investments in Pakistan Stream construction seen at $1.5-2 bln — Russia’s Energy Ministry
The construction to become the 1,100-km-long North-South gas pipeline with the capacity of 12.4 bln cubic meters of gas per year
NOVOKUZNETSK /Kemerovo region/ June 1. /TASS/. Investments in the construction of the Pakistan Stream pipeline are estimated at $1.5-2 bln, Russian Deputy Energy Minister Anatoly Yanovsky told reporters on the sidelines of the Coal and Mining exhibition. He added that Russian companies could contribute 25% of this amount.
[The total amount], I think it will be $1.5-2 billion . Now they say that the Pakistani side has the funds to provide about 75% of financing for the construction of this gas pipeline. If it works out, Russian companies will take on the remaining 25%, if not, they will negotiate within themselves, since they are all participants in this project, Yanovsky said. ....

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