RUSSIA ENTERS THE PAKISTAN GAS SECTOR

SOURCE: TWITTER/PETROLEUM DIVISION, MINISTRY OF ENERGY, GOVERNMENT OF PAKISTAN

22 December 2020 RUSSIA ENTERS THE PAKISTAN GAS SECTOR

A group of Russian Gazprom-led energy companies seek to invest $14 billion in the gas infrastructure in Pakistan, with two gas pipelines and underground storage facilities to be built. Russia will also send some gas commodities from its Iranian deposits to Pakistan as the nation needs more and more gas. The energy cooperation between these two is part of better ties between Moscow and Islamabad.

Pakistan has become one of the top emerging markets for super-chilled fuel in recent years as domestic gas production has leveled out, forcing the nation to import cargoes. Pakistan, which imported its first cargo five years ago, currently has two LNG terminals. Two more are expected to start in the next few years. However, Pakistan lacks an adequate transport infrastructure to send liquefied natural gas commodities throughout