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North Korea and Russia to Cooperate in the Gas Field
25.08.2011 09:30
North Korea and Russia to Cooperate in the Gas Field

Launching collaboration in the gas field between Moscow and Pyongyang has become the main result of Kim Jong-Il’ s visit to Russia.

The heads of the two countries have given a commission to create a special committee, which is to define the certain factors of bilateral cooperation on gas transit through the territory of the Democratic People’s Republic of Korea and involving Republic of Korea into this project.

Russia might supply 10 bln cubic meters of gas to South Korea through a gas pipeline from Vladivostok through North Korea. This would satisfy a quarter of South Korean needs. South Korea is buying liquid Russian gas from the only in Russia natural gas liquefaction plant in Sakhalin, which produces 10 mln tons a year. South Korea buys about 1,5 tons a year. Russia would like to enter the perspective Asia-Pacific region market.

The Kim Jong-Il has invited Russia’s President to North Korea and thanked him for the humanitarian aid, which Moscow renders to Pyongyang.

The North Korean leader left Russia for North Korea after negotiations with Russia’s president on August 24.

Author: Irina Fomina

Tags: cooperation Resources Russian business   

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