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Russia plans to pump gas into India through Pakistan's Gwadar Port

YB WEB DESK. Dated: 10/31/2017 5:36:59 PM

The Vladimir Putin led Russian authorities is planning to export fuel to India by its enormous reserves in Iran by way of the route of Gwadar, defying the resistance from Washington and different worldwide gamers.

The Russian plan wouldn’t solely profit India, however the offshore fuel pipeline would additionally pump fuel in fuel-strapped Pakistan because the Kremlin is exploring new markets fearing it might lose vitality markets in Europe following an extended tussle with the USA and the European Union.

Detailing the brand new technique mulled over by Kremlin, a senior Pakistani authorities official revealed that Russia was even able to finance the feasibility research on the viability of the offshore pipeline including that the bigwigs in Islamabad have been additionally briefed in regards to the plan.

‘US knew in regards to the fuel reserves held by Russia in Iran, which was the explanation why Washington opposed the IP fuel pipeline’ stated the official as quoted by TheMeanBlog.

Surprisingly, the official stated that India dubbed an arch-nemesis of Pakistan was able to buy fuel from Russia by Pakistan’s Gwadar, contemplating it a protected choice.

Regardless of worldwide hindrances, the undertaking seems to be on the playing cards as a result of India has already signed a memorandum of understanding (MoU) with Russia for fuel import. Individually, Pakistan and Russia have lately inked a MoU for fuel provide below an inter-governmental settlement.

Furthermore, Pakistan and Russia have agreed to award a contract for constructing a liquefied pure fuel (LNG) pipeline between Karachi and Lahore to a Russian firm.

The Financial Coordination Committee has already okayed kicking off negotiations on fuel import from Russia.