The 1,100 km-long pipeline will have a capacity to pump 12.4 billion m3 of gas annually.
3/4 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. pic.twitter.com/r2sUYGLVD2— Pakistan Embassy Russia (@PakinRussia) May 28, 2021
Pakistan will own 74 % stakes in the pipeline
Russia 26 %
Pakistan Stream was also a main topic of discussion during Russian foreign minister Sergey Lavrov’s 2-day trip to Islamabad in April.
Lavrov noted, that Russian companies are also ready to participate in the modernization of the energy sector and the railroad system of Pakistan.
Pakistan is a highly gas deficit country.
The local gas production has drastically dwindled to 3.2 bcfd from 4.2 bcfd and to meet the increasing deficit of 2.5 bcfd, the country is importing LNG of 1-1.2 bcfd, depending upon the needs of the country.