Russia’s Rostec expects agreement on Pak gas pipeline


Russia’s Rostec state corporation says it expects to sign a document for the construction of a gas pipeline in Pakistan by the end of July.

“Yes, we are preparing a document to be signed, according to preliminary estimates, in late July,” a Rostec spokesman told a Russian news agency.

Earlier in the day, Prime Minister Nawaz Sharif met Russia’s President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization (SCO), a Eurasian security bloc that accepted Pakistan as its full member.

Sharif said Islamabad had filled in all paperwork on the pipeline construction and expected Russia to ink the deal shortly.

Last December, Rostec announced that its subsidiary, RT Global Resources, was going to construct oil and liquefied natural gas pipelines and terminals in Pakistan. It estimated the total cost of the project package at $3 billion.