×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

North Korea Supports Pipeline

North Korea is in favor of building a natural gas pipeline linking Russia and South Korea that could benefit both Asian nations, South Korean Foreign Minister Kim Sung-hwan said Friday.

Russian Foreign Minister Sergei Lavrov told Kim that the pipeline has good prospects at a meeting earlier this month after Russian and North Korean officials discussed the proposal, Kim told reporters in Seoul today. The North Koreans are "positive" about the plan, Lavrov said, according to Kim.

"North Korea may earn cash from the pipeline while South Korea can import natural gas with lower costs," Kim said. "This would be the win-win project."

Korea Gas, the world's biggest importer of liquefied natural gas, and Gazprom have been trying to identify a supply route since at least 2003, when they signed a cooperation accord. Other options include a costlier and technically more challenging undersea pipeline and liquefied or compressed natural gas supplies.

Attempts to seek consent from North Korea to build a pipeline on its territory come as the two countries remain technically at war after their 1950-53 conflict ended in a cease-fire. North Korea's nuclear program and attacks on its southern neighbor have kept relations tense.

State-run Korea Gas has said gas demand for the power sector will grow 7.2 percent a year to 2015. South Korea, which imports almost all its energy needs, imported 32.6 million metric tons of LNG last year, up from 25.8 million tons in 2009. Kogas, as the company is also known, buys about 1.5 million tons of LNG from Russia's Sakhalin-2 project.

Gazprom, seeking to diversify away from Europe to gain revenue from fast-growing Asian markets, plans to sign a so-called "road map" to supply South Korea by pipeline in the near future, it said Aug. 5. Supplies could start in 2017, Gazprom has said.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more