Pakistan, Russia eye energy projects

Pakistan and Russia have signed a protocol as part of a comprehensive package to implement mega energy projects and trade oil and gas. The protocol was inked following the ninth meeting of the Pakistan-Russia Inter-Governmental Commission on Trade, Economic, Scientific and Technical Cooperation. It covers the energy package, which comprises invitation to Russia to invest in the Pakistan Stream Gas Pipeline (PSGP) project, joint exploration activities with Pakistani oil and gas companies, oil and liquefied natural gas (LNG) supply and offshore drilling. Both sides agreed that the PSGP project would be considered part of a comprehensive infrastructure programme, aimed at economically viable and sustainable development of gas infrastructure as well as ensuring affordable gas supply.