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MOSCOW, September 26. /TASS/. Rostec is holding talks with Pakistan in order to increase the tariff for the future North-South gas pipeline in its territory, Chief Executive Officer of the Russian state-owned corporation Sergey Chemezov said on Monday.
"I regret saying the question is to our partners from Pakistan and not to us. Everything bumps into the tariff. The tariff offered by the Pakistani said is not satisfactory for us so far. We will never be able to compensate expenses we will sustain by that money. We are working on increase of the tariff," Chemezov said responding to the question concerning construction starting time.
Russia and Pakistan signed an intergovernmental agreement on the construction of the North-South gas pipeline in October 2015. The 1,100 km long gas pipeline will link liquefied natural gas (LNG) terminals in the port of Karachi in the south of Pakistan with the city of Lahore in the north of the country. The pipeline is expected to be built in 42 months. Total investments into the project will amount to $2.5 bln.