News Desk
ISLAMABAD:
Pakistan and Russia have signed a protocol as part of a comprehensive package to implement mega energy projects and trade oil and gas.
The protocol was inked following the ninth meeting of the Pakistan-Russia Inter-Governmental Commission on Trade, Economic, Scientific and Technical Cooperation.
It covers the energy package, which comprises invitation to Russia to invest in the Pakistan Stream Gas Pipeline (PSGP) project, joint exploration activities with Pakistani oil and gas companies, oil and liquefied natural gas (LNG) supply and offshore drilling.
Both sides agreed that the PSGP project would be considered part of a comprehensive infrastructure programme, aimed at economically viable and sustainable development of gas infrastructure as well as ensuring affordable gas supply.
Pakistan has initiated a detailed study on energy demand and supply, and its infrastructure requirement. Its results will be shared by the third quarter of 2025. Both sides agreed to continue discussions at the relevant Joint Working Group meetings.
Additionally, they noted the successful oil supply to Pakistan through the Inter-Governmental Commission, implemented by the Russia-nominated company, Operational Services Centre. Both sides expressed satisfaction with the plan of allowing the company to continue to play its role in supplying oil and petroleum products. Deliberations under this arrangement will remain underway.
