{"id":77921,"date":"2021-07-16T09:46:00","date_gmt":"2021-07-16T04:46:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=77921"},"modified":"2021-07-16T09:45:59","modified_gmt":"2021-07-16T04:45:59","slug":"psgp-construction-agreement","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/psgp-construction-agreement.html","title":{"rendered":"Pakistan, Russian begins talk to finalise PSGP project construction agreement"},"content":{"rendered":"\n<p>Islamabad: The higher-ups of Pakistan and senior officials of ETK, a Russian company, on Monday started negotiations to finalise the construction agreement for Pakistan Stream Gas Pipeline (PSGP) project, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/russia-and-pakistan-to-strengthen-ties-in-diverse-fields.html\" target=\"_blank\" rel=\"noreferrer noopener\">Russia and Pakistan to strengthen ties in diverse fields<\/a><\/p>\n\n\n\n<p>The final choice on which firm will build the bridge &#8211; a Russian company at a cost of USD 2.5 billion or Pakistani companies at a cost of USD 1.6 billion \u2013 will be announced soon.<\/p>\n\n\n\n<p>A delegation of 12 members was reported to have arrived in Pakistan to discuss the Head of Terms, shareholder\u2019s agreement, and other corporate documents with the Technical Committee set up by the government for this initiative. It was also stated that the talks will continue for a few days.<\/p>\n\n\n\n<p>Pakistan is scheduled to construct the<a href=\"https:\/\/www.zameen.com\/news\/pm-imran-for-early-commencement-of-pipeline-project.html\" target=\"_blank\" rel=\"noreferrer noopener\"> PSGP project<\/a> with Russian cooperation. Pakistan would pay 70% of the overall cost of the North-South Gas Pipeline, while Russia will finance 30% of the project.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-russia-revise-deal-north-south-gas-pipeline.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan-Russia revise deal for North-South Gas Pipeline<\/a><\/p>\n\n\n\n<p>To address the shortfalls, 1.2 billion cubic feet of imported gas will be delivered from Karachi to Lahore under this initiative. Former Additional Secretary Petroleum Division Ayub Chaudhry stated that he supports the construction of the gas pipeline project by Pakistani businesses. Furthermore, he stated that Sui Norther Gas Pipelines Limited (SNGPL) has already begun work on the South North Gas Pipeline for Liquefied Natural Gas (LNG), which will be less expensive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The higher-ups of Pakistan and senior officials of ETK, a Russian company, on Monday started negotiations to finalise the construction agreement for Pakistan Stream Gas Pipeline (PSGP) project, according to news sources. Read: Russia and Pakistan to strengthen ties in diverse fields The final choice on which firm will build the bridge &#8211; a Russian company at a cost of USD 2.5 billion or Pakistani companies at a cost of USD 1.6 billion \u2013 will be announced soon. A delegation of 12 members was reported to have arrived in Pakistan to discuss the Head of Terms, shareholder\u2019s agreement, and other corporate documents with the Technical Committee set up by the government for this initiative. It was also stated that the talks will continue for a few days. Pakistan is scheduled to construct the PSGP project with Russian cooperation. Pakistan would pay 70% of the overall cost of the North-South Gas Pipeline, while Russia will finance 30% of the project. Read: Pakistan-Russia revise deal for North-South Gas Pipeline To address the shortfalls, 1.2 billion cubic feet of imported gas will be delivered from Karachi to Lahore under this initiative. Former Additional Secretary Petroleum Division Ayub Chaudhry stated that he supports&hellip;<\/p>\n","protected":false},"author":83,"featured_media":75447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[5492,15189,37910,46902,46901],"persona":[],"class_list":{"0":"post-77921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-gas-pipeline","9":"tag-gas-pipeline-project","10":"tag-north-south-gas-pipeline-project","11":"tag-pakistan-russia-ties","12":"tag-pakistan-russian-begins-talk-to-finalise-psgp-project-construction-agreement","13":"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>Pakistan, Russian begins talk on PSGP project agreement- Zameen News<\/title>\n<meta name=\"description\" content=\"The higher-ups of Pakistan and senior officials of ETK, a Russian company, on Monday started negotiations to finalise the construction agreement for Pakistan Stream Gas Pipeline (PSGP) project\" \/>\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\/psgp-construction-agreement.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan, Russian begins talk on PSGP project agreement- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The higher-ups of Pakistan and senior officials of ETK, a Russian company, on Monday started negotiations to finalise the construction agreement for Pakistan Stream Gas Pipeline (PSGP) project\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/psgp-construction-agreement.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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