Pakistan, Russia To Close Deal On Pakistan Stream Gas Pipeline By February 15 - Embassy
Mohammad Ali (@ChaudhryMAli88) Published November 26, 2021 | 03:00 PM
ST.PETERSBURG (UrduPoint News / Sputnik - 26th November, 2021) Islamabad and Moscow agreed on a draft of the shareholders agreement for construction of the Pakistan Stream bilateral gas pipeline project and are set to sign the accord by February 15, 2022, the Pakistani Embassy in Russia said on Friday.
"Pakistan and Russia have agreed on 'Discussion Draft' of the Shareholders Agreement for the Special Purpose Company (SPC) for construction of the 'Pakistan Stream' gas pipeline project and resolved to sign the Shareholders Agreement by February 15, 2022," the embassy said in a statement obtained by Sputnik.
The discussions on the draft were held during the 7th meeting of the Pakistan-Russia Inter-Governmental Commission on Trade, Economic, Scientific, and Technical Cooperation held in the Russian city of Yekaterinburg from November 24-26.
The Pakistani delegation included by Minister for Economic Affairs Omar Ayub Khan, Ambassador to Russia Shafqat Ali Khan, among other officials. The Russian side was headed by Minister of Energy Nikolay Shulginov, and comprised representatives from energy, trade, economy, agriculture and transport sectors.
According to the statement, Pakistan and Russia further agreed to develop and sign the Facilitation Agreement for the Pakistan Stream gas pipeline by February 15, 2022 and statutory documents of the Special Purpose Company for the construction of the gas pipeline by January 31, 2022.
The capacity of the Pakistan Stream gas pipeline may reach 16 billion cubic meters, Shulginov said on Friday. Meanwhile, Pakistani minister for economic affairs stated that the pipeline's construction cost is estimated at $3.5 billion.
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Pakistan
-
Naval Chief participates in 19th Western Pacific Naval Symposium in China
4 hours ago -
Int'l symposium addresses capacity building for safe, environmentally sound ship recycling in Pakist ..
4 hours ago -
Shahzeb Chachar to hold khuli kachehri on April 26
5 hours ago -
Court adjourns Judicial Complex attack case till May 17
5 hours ago -
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
5 hours ago -
Wafaqi Mohtasib inspection team visits Excise and taxation office
5 hours ago
-
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil Rights in South Asia ..
5 hours ago -
IBCC to promote educational excellence, expand regional presence
5 hours ago -
Pakistan embassy organizes scholarship award ceremony in Kathmandu
5 hours ago -
SC to hear case pertaining IHC judges' letter on April 30
5 hours ago -
SC orders removal of barriers outside buildings in Karachi
5 hours ago -
PFA launches crackdown, impose fine for selling expired drinks, food items
5 hours ago