ISLAMABAD: Pakistan and Russia have reached close to sign relevant agreements and documents of the stream gas pipeline project as the dates for inking a Memorandum of Understanding and other relevant documents have been finalized.
Progress was made on the gas pipeline project between the two countries and agreements are likely signed soon as Russia given positive signals, reports said.
Russian Government have given greenlight of important matters related to the construction of a stream gas pipeline in Pakistan. The dates for the signing of relevant documents and agreements have been finalized for the stream gas pipeline project. The construction work of the project will be commenced in 2022.
It was learnt that Pakistan and Russia have agreed on a dialogue draft for making progress on the shareholders’ agreement. An agreement to formally establish a company for pipeline’s construction will be signed on January 31, 2022.
The signing of the legal documents will pave way for the establishment of a special purpose company. Islamabad and Moscow will sign the stream gas pipeline project’s shareholders’ agreement on February 15.
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