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Saturday 17 Oct 2015 - 17:33 Makkah mean time-4-1-1437
 Islamabad (IINA) - Pakistan and Russia signed an agreement on Friday to build a gas pipeline stretching hundreds of kilometers from Karachi on the Arabian Sea to the eastern city of Lahore.
Russian Energy Minister Alexander Novak and Pakistan Petroleum Minister Shahid Khaqan Abbasi signed the agreement at a ceremony witnessed by Pakistani Prime Minister Nawaz Sharif and broadcast live, AFP reported. Officials said the North-South gas pipeline project would be built by Russian company RT Global Resources -- a part of Russian state corporation Rostec. The 1,100km pipeline, with a capacity of 12.4 billion cubic meters per year, will connect liquefied natural gas (LNG) terminals in Karachi with those in Lahore.
Russia is to invest about $2 billion in the pipeline and its first phase is expected to be completed by December 2017, a senior government official said. Russia has long been the largest supplier of weaponry to Pakistan's nuclear-armed arch rival India, which is the world's top arms buyer. But now Moscow appears to be pivoting towards Islamabad as New Delhi becomes closer allies with Washington.
HA/IINA
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