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Pakistan and Russia signed an agreement by a Russian construction company for a pipeline of more than a thousand kilometers on Pakistani territory, where negotiations about gas projects are accelerating since the agreement on Iran’s nuclear program.

The document was signed by Russian Energy Minister Alexander Novak and Pakistani Petroleum Minister Shahid Khaqan Abbasi in the presence of Pakistani Prime Minister Nawaz Sharif.

It gives the company RT Global Resources, a subsidiary of the Russian state holding Rostec, construction of North-South gas pipeline with an annual capacity of 12.4 billion m3 and a length of 1100 kilometers between natural gas terminals liquefied (LNG) to Karachi on the Arabian Sea, and Lahore in the east.

According to a government official, Russia will invest two billion dollars for this project whose first phase should be completed in December 2017.

In a statement, the Russian Ministry of Energy for his part spoke of the end of pipeline work in spring 2018.

“North South Pipeline Construction opens the door for cooperation between Russia and Pakistan to a new level”, welcomed the Russian Energy Minister Alexander Novak said in the statement.

Historically close to India, Russia looks indeed more today tonow that Delhi has strengthened its cooperation with the United States.

Moscow also supports the gas pipeline Iran-Pakistan, inaugurated in 2013 but blocked by sanctions.

Faced with these projects, Turkmenistan is seeking to accelerate the ambitious 1800 km TAPI project between Central Asia to the Indian subcontinent and the state gas company Turkmengaz was appointed in August to complete it.

Russian investors are showing deep interest in entering into joint ventures for the manufacturing of heavy-duty trucks shipbuilding and manufacturing of gas turbines and compressors.