Pakistan and Russia had signed an agreement for the deployment of LNG gas pipeline from Karachi to Lahore as reported on 17th October. Russia... Karachi to Lahore gas pipeline project in jeopardy

Pakistan and Russia had signed an agreement for the deployment of LNG gas pipeline from Karachi to Lahore as reported on 17th October. Russia was to invest $2 billion into the project, and state owned Russian firm RT Global Resources was to be awarded the project without any bidding.

However, USA has imposed sanction on RT Global Resources which puts the whole project in jeopardy now. Both the governments are evaluating the sanctions at the moment, and will make a decision on the project after that.