Inter-State Gas Systems (ISGS) and Gazprom on Wednesday signed a Memorandum of Understanding (MoU) to conduct a joint feasibility study regarding gas supplies from the Middle East to South Asian countries, according to a press release issued by the Russian energy giant.
The MoU was inked by ISGS Managing Director Mubeen Saulat and Gazprom board member Vitaly Markelov during a meeting between a Russian delegation and Petroleum Minister Ghulam Sarwar Khan.
The agreement penned today was a follow-up to the one signed by the two countries in September 2018 for a planned offshore gas pipeline.
“The two countries have concluded various proposals in the energy sector, including construction of North-South Gas Pipeline, import of LNG from Russia, installation of air mix plant and establishing a 600MW combined cycle power plant,” Foreign Office (FO) spokesperson Dr Muhammad Faisal had said regarding the MoU when it was finalised in June 2018.
The project, which has been under discussion since 2017, would eventually involve four countries — Pakistan, Iran, Russia and India.