Law ministry denies clearance to Russian consortium TMK for Lahore-Karachi gas pipeline.
KARACHI -- The federal Law Ministry on Tuesday refused to give clearance to Russian consortium TMK for the Lahore-Karachi gas pipeline.
TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry, was denied clearance by the ministry as the name of its chief, Dmitry Pumpyansky, was placed on the US sanctions watchlist.
On request of the petroleum division, the Russian government has provided a consortium consisting of two new companies who will now take part in the pipeline.
LLC Eurasian Pipeline and Federal State Unitary Enterprise are part of the new Russian consortium. The government is expected to sign a deal for the pipeline with the companies in April 2020.
The 1122 km-long gas pipeline from Karachi to Lahore will cost an estimated $2bn.
The existing gas infrastructure of Pakistan lacks capacity to transport additional...
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