PSGP: Pakistan-Russia agree to continue working on Shareholding Agreement (SHA)

ISLAMABAD, October 29, 2021: The Joint Technical Committee (JTC) of Pakistan and Russian on the Pak Stream Gas Pipeline (PSGP) concluded its fourth session here on Thursday, reaffirming their commitment towards the strategic project and finalizing the shareholders’ agreement (SHA) next month.

“Both sides have reaffirmed their unequivocal commitment towards the strategic project and resolved to finalize the SHA during the month of November as agreed earlier,” a joint statement issued by the Petroleum Division said.

The technical level talks continued from October 25-28, during which the two sides discussed the draft SHA of the gas pipeline project.

The Russian delegation appreciated Pakistan for hosting the meeting in a cordial atmosphere and support of its team in concluding the key issues of the agreement.

The PSGP project is the flagship project in bilateral relations between Pakistan and Russia that have been marked by mutual goodwill, friendly and amicable relations. Under the project, a 1,100-kilometer pipeline would be laid to transport 1.6 billion cubic feet per day of gas from Karachi to Lahore.

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