Russia, Pakistan agree to build Pakistan Stream gas pipeline
Russia and Pakistan signed an agreement to build the Pakistan Stream natural gas pipeline, Russia's Energy Ministry said Friday.
Russia and Pakistan signed an agreement to build the Pakistan Stream natural gas pipeline, Russia's Energy Ministry said Friday, Baku Tribube reports citing Anadolu.
Russian Energy Minister Nikolai Shulginov and Shafqat Ali Khan, Pakistan’s ambassador in Moscow, signed the agreement, the ministry said.
The 1,100-kilometer-long project, formerly known as the North-South Pipeline, plans to carry 12.4 billion cubic meters of natural gas annually. The project name was changed to 'Pakistan Stream' along with its partnership structure against the risk of US sanctions on Russian companies.
Although the countries signed an intergovernmental agreement on the project in 2015, the project has been postponed for several reasons.
The ministry said in a statement that the companies of both countries will soon start to implement the project which will contribute to Pakistan's energy security.
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Editor's note: Eugene Chausovsky is a senior analyst at the Newlines Institute. Chausovsky previously served as senior Eurasia analyst at the geopolitical analysis firm Stratfor for more than 10 years. His work focuses on political, economic, and security issues pertaining to Russia, Eurasia, and the Middle East.
