Russia to develop strategic stakes in Pakistan’s gas pipeline

In a welcoming development, Russia has provided a new structure for much-touted North-South Gas Pipeline Project (NSGPP) in a goodwill gesture, showing how determined and committed Moscow is for developing strategic stakes in Pakistan, a senior official privy to the development told The News

Nov 06, 2020
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In a welcoming development, Russia has provided a new structure for much-touted North-South Gas Pipeline Project (NSGPP) in a goodwill gesture, showing how determined and committed Moscow is for developing strategic stakes in Pakistan, a senior official privy to the development told The News.

“In the last five years, the project witnessed many upheavals but the Russian side remained stuck to the project knowing the fact that Pakistan got the structures changed several times.” Under the latest scenario, the Russian Ministry of Energy has offered TMK and ETK with its state owned company Federal State Unitary Enterprises (FSUE).

“The officials in the Petroleum Division earlier influenced by 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. But later on, sense prevailed with inputs from international law firms which opined that TMK is a better structure for the project, and the same was found in internal inquiries coupled with due diligence on part of some powerful circles.”

https://www.thenews.com.pk/print/739736-russia-to-develop-strategic-stakes-in-pakistan-s-nsgpp

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