Earlier in the day, the Russian Energy Ministry said that Russian Energy Minister Alexander Novak and Pakistan’s Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi signed an agreement on the North-South gas pipeline.
"The construction of the pipeline will provide orders for Russian industrial enterprises and will contribute to an increase in non-oil exports. The project will open up a new market for Russian companies," Janjua said.
The project will cost an estimated $2 billion and take 42 months to complete, according to the ambassador.
The project will be implemented by RT Global Resources, a subsidiary of Rostec technologies corporation from the Russian side and the Inter State Gas Systems (ISGS) from the Pakistani side.
The pipeline is expected to have an annual capacity of up to 12.4 billion cubic meters of gas.
