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PAKISTAN CONSIDERS REVIVING PAKISTAN-RUSSIA GAS PIPELINE PROJECT

Pakistan is considering shifting the ‘starting point’ of the Russia’s Pakistan Stream Gas Pipeline from Karachi to Gwadar, a move likely to help resume work at the abandoned LNG Gwadar Pipeline Project that connects with Iran.

In 2015, Pakistan and Russia signed an Inter-Governmental Agreement to execute the North South gas pipeline project which was later renamed the ‘Pakistan Gas Stream Project’ to transport LNG from Karachi to Lahore.
According to the initial model, Russia was to provide 85% funding whereas Pakistan was to provide 25%.

This project was on a build, own, operate, transfer (BOOT) basis which was to be transferred to Pakistan.