The agreement outlines conditions for the construction of the North-South Gas Pipeline, with Russian participation, in the Islamic Republic of Pakistan, from the city of Karachi to the city of Lahore.
Implementation of the agreement will be overseen and coordinated by the Russian Ministry of Energy and the Pakistani Ministry of Petroleum and Natural Resources.
The project will involve the maximum possible use of Russian technology, materials, equipment and products, as well as the participation of Russian research, design and construction organisations, the Russian government said in a statement, while the Pakistani side will ensure the rights for the use of land plots, for carrying out surveys, and work related to ascertaining the route for the pipeline.
The agreement is valid for 25 years and subject to automatic extension for five-year terms.