By Our Staff Reporter
Islamabad: Pakistan and Russia have signed the Protocol on the amendments to the Agreement on North-South Gas Pipeline Project in Moscow on Friday.
Protocol was signed by H.E Ambassador Shafqat Ali Khan and the Russian Minister for Energy, H.E. Nikolay Shulginov.
As per the Protocol the Project has been renamed as “Pakistan Stream Gas Pipeline”. The pipeline will run from Karachi to Kasur for transportation of gas. The Project is a flagship strategic venture between Pakistan and Russia and will strengthen bilateral cooperation.
“Pakistan desires a strategic partnership with Russia and looks forward to enhanced bilateral relations in all fields of mutual interest,” a press release issued by Pakistan’s embassy in Moscow stated on Friday.
Last year in November, the North-South Gas Pipeline project received a new push after Russia gave it a new structure.
The Russian Ministry of Energy has offered TMK and ETK with its state-owned company Federal State Unitary Enterprises (FSUE).
Senior officials had told “Telegraph ” that the project had seen “many upheavals but the Russian side remained committed to the project knowing the fact that Pakistan got structures changed several times”.
“Officials in the Petroleum Division, previously influenced by a certain lobby, sought inclusion of ETK in place of TMK through wrong accusations that top man of TMK, Pumpyansky, is on the watchlist of US, and afterwards the Russian MoE extended the structure with ETK as was demanded by top mandarins.”