Russian energy giant Gazprom eyes developing Pakistan’s gas deposits

Moscow: Russia’s energy giant Gazprom is interested in developing gas deposits in Pakistan, Russian President Dmitry Medvedev and his Pakistani counterpart Asif Ali Zardari said on Thursday after talks on bilateral business cooperation.

“The sides supported the interest of Russian business circles in implementing economic, infrastructural and banking projects jointly with the Pakistani government and businesses,” the two Presidents said in a statement.

In particular, Russian state-owned mining and metallurgical facility company Tyazhprom export is prepared to modernize a metals plant in Karachi, Pakistan’s largest city while Russia’s largest power trader Inter RAO UES is ready to build power plants in Pakistan, the statement said.

Russia may also join the CASA-1000 project, which will deliver electricity from Tajikistan to Afghanistan and Pakistan & Turkmenistan, Afghanistan, Pakistan, India gas pipeline project to transport natural gas from Central Asian state, it further said.

In October 2010, Russian Deputy Prime Minister Igor Sachin said that Gazprom might participate in a consortium to build the pipeline. The 1,700 kilometre gas pipeline with a capacity of 30 billion cubic meters per year and rough cost of $4 billion, stalled by the war in Afghanistan, is supported by the Asian Development Bank.

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