Russia's Rostec to Build $2.5B Gas Pipeline in Pakistan

Reuters

MOSCOW, Oct 16 (Reuters) – A unit of Russian state company Rostec will build a new gas pipeline in Pakistan which will connect Karachi with the provincial capital of Lahore, Rostec said on Friday.

Rostec said that its unit, RT Global Resources, will build the pipeline with capacity of up to 12.4 billion cubic metres of gas per year, which should connect LNG-receiving facilities in Karachi with Lahore.

It added that the construction is expected to take 42 months, with the pipeline reaching its full capacity by the second quarter of 2020 and expected costs of around $2.5 billion.

Rostec's announcement came following the signing of the related government-to-government agreement between Russia and Pakistan on Friday.

(Reporting by Gleb Stolyarov; Writing by Katya Golubkova; Editing by Biju Dwarakanath)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Materials Clerk
Expertise: Materials Management |Warehouse Person
Location: Rosemount, MN
 
Margin Optimization Analyst
Expertise: Accounting|IT - SAP / ERP|Refinery Specialist
Location: Dallas, TX
 
Foreman Fleet Operations
Expertise: Logistics Management|Operations Management
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours