Gazprom to export gas to South Korea

Energy Trade

A Russian official says the country’s Gazprom and South Korea’s Kogas are discussing the expansion of cooperation in the gas sector.

The Russian energy giant plans to export liquefied natural gas (LNG) and gas condenzates to South Korea by creating a gas supply system in the East Asian country, Konstantin Pulikovsky, co-chairman of a Russia-South Korea intergovernmental commission, told RIA Novosti. The two sides held talks on the construction of an overland gas pipeline across the Korean peninsula, as well as the joint development of oil deposits in the Sea of Okhotsk in the Western Pacific Ocean. Pulikovsky said Russian-South Korean trade in 2007 could reach $12 billion, adding that it had tripled from $2.8 billion to $9.3 billion between 2001 and 2006. Gazprom has said that Russia will be able to annually supply up to 10 billion cubic meters of natural gas to South Korea from 2012-13. (presstv.ir)

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.