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Russia to invest $2 billion to build natural gas pipeline in Pakistan

ISLAMABAD: Russia will invest a whopping $2 billion in Pakistan to build a 1,100-kilometre pipeline from southern port city of Karachi to Lahore to transport liquefied natural gas.

“Pakistan and Russia have finalized an LNG pipeline deal in a recent meeting in Moscow and the two countries will sign a government-to-government basis deal next month,” petroleum minister Shahid Khaqan Abbasi was quoted as saying by The Express Tribune.

Abbasi said that in return for the investment, Russian companies will be awarded the contract to build the pipeline.

News courtesy: THE TIMES OF INDIA
Read more » http://timesofindia.indiatimes.com/business/international-business/Russia-to-invest-2-billion-to-build-natural-gas-pipeline-in-Pakistan/articleshow/46970624.cms