Gazprom Interested in Supplying LNG to Pakistan

Russian energy giant Gazprom is interested in supplying LNG to Pakistan.

"Gazprom is interested in entering the Pakistani market with LNG — this will ensure the maximum throughput of the pipeline, which is to be built in the future. Gazprom has capacities for pumping up to 12 billion cubic meters," TASS quoted co-chairman of the Russian-Pakistani intergovernmental commission Viktor Ivanov as saying.

According to Russia's trade representative in Pakistan Yuri Kozlov, if the parties reach an agreement on LNG supplies a relevant intergovernmental agreement will be signed, TASS reported Friday.

RT-Global Resources, a Rostec subsidiary, has commenced work on the North-South gas pipeline in Pakistan, TASS reported Friday. The company is conducting surveys and engineering work along the pipeline route.

In October, Moscow and Islamabad signed an intergovernmental agreement on the construction of a gas pipeline from Karachi to Lahore. Last December, Rostec announced that its subsidiary, RT Global Resources, would be building oil and LNG pipelines and terminals in Pakistan with total cost of about $3 billion.

Pakistan has been facing severe natural gas shortage which has affected country's economy. The government has been working on sourcing the fuel from various sources.