Officials said both countries are working closely to increase business partnerships in the energy sector to open a fast-growing gas market for Russian energy companies.
Russia is building in Pakistan a a 1,100-km gas pipeline between the southern port city of Karachi and eastern Lahore and also operate the pipeline for 25 years after it is commissioned.
An agreement of $2 billion for the much-delayed North-South gas pipeline, which has recently been renamed as Pakistan Stream, was signed in October 2015.
This is the largest Russian investment in Pakistan since the Pakistan Steel Mills project in the middle of the Old Cold War.
Russian Foreign Minister said:
- We are making necessary efforts to start the construction of the North-South gas pipeline - the flagship project in the energy sector
We hope that all remaining technical issues will be agreed upon in the very near future
Russian companies are ready to participate in the modernization of the energy sector and the railroad system of Pakistan
This was stated by Sergey Lavrov after talks with the Foreign Minister of Pakistan.
Possible LNG supplies from Russia to Pakistan have been discussed for several years, negotiations were held in 2016.
Gazprom CEO A. Miller and Pakistan's Foreign Minister discussed this issue in February 2018, but no progress was made in this area.
Pakistani Foreign Minister Shah Mahmood Qureshi said Pakistan has shifted its priorities from geo politics to geo-economics.