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Thread: Gazprom, South Korea Revive Talks To Build Gas Pipeline Via North Korea

  1. #1

    Gazprom, South Korea Revive Talks To Build Gas Pipeline Via North Korea

    Russian gas giant Gazprom has resumed talks with South Korea over a decade-old idea to build a gas pipeline from Russia’s Far East to South Korea through North Korea, Vitaly Markelov, Deputy Chairman of Gazprom’s Management Committee, said on Friday.
    “To date, the political situation has been somewhat different, and the South Korean side has asked Gazprom to resume the project, and a series of talks has been held on this issue, and these talks are continuing,” Russia’s TASS news agency quoted Markelov as saying at a news conference today.
    Russian giant Gazprom had the idea to deliver 10 bcm of natural gas to the resource-poor and import-dependent South Korea by pipeline, but its route must pass through the territory of North Korea. Russia and South Korea signed a “road map” in 2011, but have not advanced beyond that, due to the tense regional situation.
    “The ideas behind the pipeline look very difficult to implement, especially given the complex political-military context continuing on the Korean peninsula, and the obvious political risks. However, if there is political will and a mutual commitment, this project could take place, strengthening not only energy, but also military and political security in this rather turbulent region,” Gazprom said in a corporate newsletter back in October 2012.

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    Amid signs of an improved political situation in the Korean peninsula, Russian gas giant Gazprom is reviving its decade-old idea of building a gas pipeline from Russia’s Far East to South Korea through North Korea, Gazprom’s Deputy Chairman Alexander Medvedev said at the Eastern Economic Forum in Vladivostok in Russia’s Far East on Tuesday.
    Signs have emerged that the political situation has improved, and Gazprom has started to revisit the idea of the gas pipeline, Medvedev said.
    “We are in contact with our South Korean and North Korean colleagues. We are preparing to enter a very important stage... in this case it is preferable to call this the phase of investment substantiation,” Reuters quoted Medvedev as saying.

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  4. #3
    Pyongyang seeks to connect the railways of North and South Korea, North Korean Deputy Railways Minister Kim Yun Hyok said at the Eastern Economic Forum (EEF). “At the moment, we are determined to connect the railways of North and South Korea, this is a fundamentally important project and it is necessary to provide the best possible conditions for this project to be finally implemented,” Kim told the panel session at EEF on Tuesday.
    North Korean Railways Ministry’s Department of the External Affairs Deputy Director Kim Chang Sik noted that North Korea would develop the project on connecting the railways jointly with Russia and South Korea, noting that the countries of the Korean peninsula should become “owners” of the project.

    “In the future, we will develop this project on the basis of negotiations between Russia and North Korea, North and South Korea so that the owners of this project are the countries of the Korean Peninsula,” the official said.
    Kim added that the three countries should create “a joint group for the development of these railroads.”
    According to the joint declaration signed by North Korean leader Kim Jong Un and South Korean President Moon Jae-in, Pyongyang and Seoul agreed to adopt practical measures to connect railways on the peninsula. As the first step of this process, the countries will connect and modernize railways and roads on the eastern transportation corridor, as well as between Seoul and North Korea’s city of Sinuiju.

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