Pakistan, Russia ink agreement to build gas pipeline.

Pakistan and Russia on Friday signed an inter-governmental agreement for the construction of 1100-kilometer gas pipeline project from Karachi to Lahore.

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi and Russian Energy Minister Alexander Novak signed the agreement at a ceremony also in Islamabad .

The 1,100 kilometer pipeline with a capacity of 12.4bcm per annum will connect liquefied natural gas (LNG) terminals of Karachi with those of Lahore.

Russia will make an investment of $2 billion in the project, the first phase of which is expected to be completed by December 2017.

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