The pipeline, which will bring natural gas from Iran’s South Paras Gas field, will help Pakistan boost its energy security, reports GlobalData.
Gazprom, which will operate Power of Siberia-2 has said it aims to start delivering gas by 2030 but agreement on key issues remains elusive.
Oil exports to China via pipelines remained unchanged in 2023 from the previous year, at 40 million t, report GlobalData.
Finland's President, Sauli Niinisto, said he had held constructive talks with China's, President Xi Jinping, over the damage inflicted last year to the Balticconnector gas pipeline.
A number of completed landmark projects, greater market recognition and a long-standing policy of localisation, boosts STATS Groups’ credentials.
Reuters reports that China has promised to fully cooperate in the investigation of the destruction last month of the Balticconnector gas pipeline.
The Trans-Caspian pipeline would connect its extensive gas fields to the European market, filling the void left by Russian gas.