LNG Supply: Pakistan-Russia Signed inter-governmental agreement

Russia and Pakistan have signed a deal on liquefied natural gas (LNG) supplies. The deal opens the way for Gazprom and Pakistan LNG Ltd to reach a long-term agreement on Russian LNG supplies, the statement said.

Prime Minister Shahid Khaqan Abbasi said Pakistan-Russia cooperation in various sectors was a step towards strengthening of bilateral relations. He was talking to Yury P. Sentyurin, Deputy Minister of Energy of the Russian Federation, who called on him at the PM Office.

The Prime Minister stated that the government was focusing on meeting the country’s energy requirements with particular focus on a balanced mix of energy sources. Shahid Khaqan Abbasi appreciated the delegation’s fruitful interaction with Ministry of Energy.

Abbasi expressed the hope that members of the Russian delegation would have a productive visit in the backdrop of briefing by various ministries about immense potential for investment in Pakistan’s infrastructure development, energy and communication sectors.

The Prime Minister said the economic outlook of Pakistan has altogether changed in the last four years, which was being acknowledged globally.

“Our investment policy has been designed to provide a comprehensive framework for creating a conducive business environment for the attraction of FDI,” the PM said and added that Pakistan’s policy trends has been consistent, with liberalization, deregulation, privatization, and facilitation being its foremost cornerstone.

Minister for Power Owais Leghari, Minister of State for Petroleum Jam Kamal Khan and Alexey Y. Dedov, Ambassador of Russia to Pakistan were also present during the meeting. Later, Shahid Khaqan Abbasi witnessed signing of Inter-Governmental Agreement between Pakistan and Russia for supply of gas.