{"id":70820,"date":"2020-09-23T16:34:33","date_gmt":"2020-09-23T11:34:33","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70820"},"modified":"2020-09-23T16:34:33","modified_gmt":"2020-09-23T11:34:33","slug":"russia-eyes-investing-usd-1-7bn-in-sngpls-karachi-lahore-gas-pipeline-project","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/russia-eyes-investing-usd-1-7bn-in-sngpls-karachi-lahore-gas-pipeline-project.html","title":{"rendered":"Russia eyes investing USD 1.7bn in SNGPL&#8217;s Karachi-Lahore gas pipeline project"},"content":{"rendered":"\n<p>Islamabad: Russian Ambassador Danila V Ganich on Tuesday said that Moscow \u201cis eager to invest USD 1.7 billion in the Sui Northern Gas Pipelines Limited\u2019s (SNGPL) Karachi-Lahore \u00a0gas pipeline\u201d, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sngpl-ssgc-provide-over-540000-new-gas-connections-fy-2020-21.html\" target=\"_blank\" rel=\"noreferrer noopener\">SNGPL, SSGC to provide over 540,000 new gas connections in FY 2020-21<\/a><\/p>\n\n\n\n<p>The Sui Northern Gas Pipelines Limited (SNGPL) is considering to construct the 1,100 km-long Karachi-Lahore gas pipeline \u2013 also known as the North-South gas pipeline. Reportedly, the SNGPL officials expect the total cost of the project at USD 1 billion.<\/p>\n\n\n\n<p>The Russian ambassador stated the current trade volume (between the two countries) stood at USD 500 million \u2013 which is encouraging but is still far from its full potential. He associated the insufficient trade volume with minimal direct commercial ties and lack of knowledge regarding each other\u2019s business practices and potential.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/development-north-south-pipeline-expected-begin-soon.html\" target=\"_blank\" rel=\"noreferrer noopener\">Development on North-South Pipeline expected to begin soon<\/a><\/p>\n\n\n\n<p>Furthermore, it is reported that Petroleum Additional Secretary Muhammad Ayub Chaudhry has endorsed the proposal ostensibly to serve the larger national interest and benefit the treasury. He recommended introducing competitive bidding process for the construction of the pipeline and revealed that the SNGPL possesses the resources and capability to lay down 42-inch diameter gas pipeline at USD 1 billion \u2013 which is lower than the previously estimated cost of USD 2.7 billion.<\/p>\n\n\n\n<p>Earlier, a <a href=\"https:\/\/www.zameen.com\/news\/govt-accepts-russian-model-north-south-gas-pipeline-project-development.html\" target=\"_blank\" rel=\"noreferrer noopener\">Russian firm<\/a> ETK was being considered to award the USD 2.7 billion contract for the construction of said pipeline but was eliminated based on lack of relevant experience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Russian Ambassador Danila V Ganich on Tuesday said that Moscow \u201cis eager to invest USD 1.7 billion in the Sui Northern Gas Pipelines Limited\u2019s (SNGPL) Karachi-Lahore \u00a0gas pipeline\u201d, according to news sources. Read: SNGPL, SSGC to provide over 540,000 new gas connections in FY 2020-21 The Sui Northern Gas Pipelines Limited (SNGPL) is considering to construct the 1,100 km-long Karachi-Lahore gas pipeline \u2013 also known as the North-South gas pipeline. Reportedly, the SNGPL officials expect the total cost of the project at USD 1 billion. The Russian ambassador stated the current trade volume (between the two countries) stood at USD 500 million \u2013 which is encouraging but is still far from its full potential. He associated the insufficient trade volume with minimal direct commercial ties and lack of knowledge regarding each other\u2019s business practices and potential. Read: Development on North-South Pipeline expected to begin soon Furthermore, it is reported that Petroleum Additional Secretary Muhammad Ayub Chaudhry has endorsed the proposal ostensibly to serve the larger national interest and benefit the treasury. He recommended introducing competitive bidding process for the construction of the pipeline and revealed that the SNGPL possesses the resources and capability to lay down 42-inch diameter gas&hellip;<\/p>\n","protected":false},"author":75,"featured_media":60789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15016],"tags":[40141,15191,40140,22163],"persona":[],"class_list":{"0":"post-70820","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-new-developments","9":"tag-karachi-lahore-gas-pipeline","10":"tag-north-south-gas-pipeline","11":"tag-russia-eyes-investing-usd-1-7bn-in-karachi-lahore-gas-pipeline-project","12":"tag-sui-northern-gas-pipelines-limited-sngpl","13":"cat-20385-id","14":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Russia eyes investing USD 1.7bn in SNGPL&#039;s Karachi-Lahore gas pipeline project - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Russian Ambassador Danila V Ganich on Tuesday said that Moscow \u201cis eager to invest USD 1.7 billion in the Sui Northern Gas Pipelines Limited\u2019s\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/russia-eyes-investing-usd-1-7bn-in-sngpls-karachi-lahore-gas-pipeline-project.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia eyes investing USD 1.7bn in SNGPL&#039;s Karachi-Lahore gas pipeline project - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Russian Ambassador Danila V Ganich on Tuesday said that Moscow \u201cis eager to invest USD 1.7 billion in the Sui Northern Gas Pipelines Limited\u2019s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/russia-eyes-investing-usd-1-7bn-in-sngpls-karachi-lahore-gas-pipeline-project.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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