Related Articles
Forward article link
Share PDF with colleagues

Geopolitics aid Pakistan energy investments

Various nations are seeking to secure regional influence by backing major projects in Pakistan that might otherwise struggle for finance

 Gas-producing nations including Russia, Iran and Mid-East Gulf states—as well as major investors such as China—have sought to strike deals with Islamabad over the summer. In one of the most significant developments, Russia agreed to help Pakistan finance and build a 1,100km gas pipeline from Port Qasim in Karachi to the northwestern city of Kasur, near Lahore. The revised agreement, worth at least $2.5bn, is a far cosier arrangement for Pakistan than a preliminary draft signed with Moscow in 2015. In fact, Russia stands to gain little financially from the project. Its stake in the renamed Pakistan Gas Stream Pipeline (PGSP) has been provisionally scaled back to 26pc from an 85pc controlli

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beijing strives to balance security and decarbonisation
15 October 2021
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
Occidental exits Ghana
15 October 2021
The US super-indie is divesting its assets in the country
Gran Tierra cranks up the gears
14 October 2021
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video