The Russian government has approved a draft agreement with the government of Pakistan on cooperation in the construction of the gas pipeline “North-South”, is reported on the government website</u>.
The agreement is aimed at “the creation of favorable conditions for the construction of the gas pipeline on the territory of Pakistan from Karachi to Lahore, the report said.
Supervise and coordinate the implementation of the agreement will be the Ministry of energy and Ministry of petroleum and natural resources Pakistan.
It is assumed that the Pakistani side will provide rights to use land plots required for the construction of the pipeline, and the execution of studies and works related to determination of the route of the pipeline.
The agreement is valid for 25 years and provides for automatic renewal for periods of five years, the report says.
Earlier, the special adviser to the Prime Minister of Pakistan on foreign Affairs Tariq Fatemi has said that Russia is able to assist Pakistan to develop the energy sector. According to Fatemi, Russia has the appropriate competence and experience”.
As reported by “Kommersant”, the General Director of “RT Global resources, a subsidiary of Rostec, Andrey Korobov 9 December 2014 held talks with Prime Minister of Pakistan Muhammad Nawaz Sharif. At the meeting in London, the Prime Minister of Pakistan said that the government initiates energy projects to overcome energy crisis.
At the meeting of the Russian-Pakistani intergovernmental Commission in early December 2014, agreements were reached on the implementation of infrastructure projects in the oil and gas sector of Pakistan. Representatives of RT Global resources signed a preliminary agreement with the Pakistani state company “inter state Gas systems, and, as the source told the publication, next year, rostec will start construction projects strategic for Pakistan oil and gas infrastructure”.