Pakistan gives gas-pipeline project control to Russia

In a major effort to foster strategic partnership, Pakistan has agreed to give management control of Pakistan Stream Gas Pipeline (PSGP) project to Russia through a special purpose company

Nov 30, 2020
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In a major effort to foster strategic partnership, Pakistan has agreed to give management control of Pakistan Stream Gas Pipeline (PSGP) project to Russia through a special purpose company.

Russian President Vladimir Putin had also expressed keen interest in the project that would supply imported gas to Punjab as both sides considered the scheme an opportunity to boost economic and strategic relationship.

The project will mark the emergence of Russian footprint in Pakistan after decades, since the former’s key role in setting up Oil and Gas Development Company (OGDC) and Pakistan Steel Mills (PSM).


https://tribune.com.pk/story/2273950/gas-pipeline-control-given-to-russia

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