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Pakistan and Russia to sign off-shore gas pipeline deal

Pakistan and Russia reached an understanding to sign a multi-billion dollar offshore gas pipeline deal in a couple of weeks.

Pakistan and Russia to sign off-shore gas pipeline deal


Pakistan and Russia have reached an understanding to sign a multi-billion dollar offshore gas pipeline deal in a couple of weeks, ignoring pressure from the USA that has fiercely opposed the building of Iran-Pakistan (IP) gas pipeline for years, Pakistani The Tribune reported on December 9, 2017.

The 2 sides reached an agreement during the recent visit of Prime Minister Shahid Khaqan Abbasi to Moscow. It is expected to sign a MoU during the premier’s visit, however, it did not happen due to certain reasons, officials told The Tribune.
Now, Islamabad and Moscow are set to sign the deal in a couple of weeks.

Following Donald Trump’s South Asia Policy on Afghanistan – where it wanted to give a role to India in this region, a proposal Pakistan rejected – Pakistan-US relations are at a critical point. Such massive business deals would open a new avenue for diplomatic relations between Russia and Pakistan, said a senior government official.

Official said that after signing of the MoU, work on feasibility would be started to know the viability of the project. Russia is even ready to finance the feasibility study on viability of the offshore pipeline.

The official pointed out that the US knew about the gas reserves held by Russia in Iran, which was the reason why Washington opposed the IP gas pipeline. The IP project will open an avenue for Russia to lay a parallel pipeline for gas export to Pakistan and India.

The official revealed that India was also interested in purchasing gas from Russia through the offshore pipeline from Iran via Gwadar, believing it was a safe way for energy import.


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