Support The Moscow Times!

Korea Pipeline Sees Progress

Plans to build a natural gas pipeline from Russia to North and South Korea may be accelerated, according to South Korean President Lee Myung-bak.

"North Korea and Russia are holding talks now and we're also making progress" on the gas project, Lee said on KBS Television in Seoul late last week. "Things are likely to progress faster than we expected."

"A gas pipeline linking Russia and the two Koreas could prove a turning point for inter-Korean relations," Hong Joo-pyo, chairman of the ruling Grand National Party, told lawmakers Sept. 7. "The North can earn about $100 million a year to rebuild its economy, while the South can lower its natural gas price by about 30 percent."

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.