Russian company Gazprom is set to initiate the achievability study in the first quarter of 2020 for laying down undersea pipeline which starts form Persian Gulf to Pakistan, India and Bangladesh.
It will ultimately end to China after touching Myanmar and Thailand, a senior official of the Petroleum Division told.
The pipeline will pass through shallow waters of Pakistan, India and Bangladesh and every country will get gas from the pipeline as per requirements.
The total cost of the undersea pipeline will hover around $20-25 billion when it will be extended to China at last.
The most important aspect of the project, the official said, is that every country will provide the transit fee to Pakistan, which will run into billions of dollars when the said pipeline will ultimately have access to China.
Pakistan will be getting transit free from India, Bangladesh, Myanmar, Thailand and China.
Pakistan’s Navy will provide services with regard to monitor the pipeline and its security.
Pakistan and India have already signed MoUs and agreements with Russia separately for the project under which both countries would get gas from the undersea pipeline through the spur pipeline.
However, the three countries, at the outset Pakistan, India and Bangladesh, will benefit from the billions of dollars Russian investment as buyer countries.
According to the official, the undersea pipeline would be laid down with an estimated investment of $10 for the regional three countries and Pakistan will get gas from the undersea pipeline up to 1bcfd.
More importantly Russia-Pakistan economic corridor will also be set up and Russia will also invest in fiber optic link, roads and power projects as ancillary facilities.