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The state monopoly Gazprom will become the only builder of the North Korean section of the gas pipeline which will transfer the Russian Far East gas to the South Korea via North Korea, reports The Kommersant.
Gazprom is expected to finance the building of 700 km-long section of the gas pipeline. The state South Korean Company Gas Corporation (Kogas) will construct the gas pipeline from the South Korean side up to the border with North Korea.
It was also decided, the gas pipeline to the South Korea will be solely transit and won’t presuppose supplying gas to North Korea. The contract between Gazprom and Kogas is planned to be signed in spring 2012.
Author: Irina Fomina
