Saturday, August 27, 2011

Russia hopes pipeline through Korean Peninsula improves economy, political climate

 Report From:
MOSCOW, Aug. 25 (Xinhua) -- Russia hopes that a gas pipeline project from Russia to South Korea via the Democratic Republic of Korea (DPRK) will bring both economical and political fruits for the Korean Peninsula, said Russian Deputy Energy Minister Anatoly Yanovsky on Thursday.
"Any infrastructure projects linking the two countries of the Korean Peninsula, including railroads, gas pipelines, or electric grids, will not only be economically efficient but also would work for normalization of their bilateral relations," Yanovsky told a news conference here.
Earlier this week, Russian President Dmitry Medvedev said he has reached an agreement with Kim Jong Il, the top DPRK leader, about building a gas pipeline from Russia to South Korea via the DPRK.
The 1,100-km pipeline will have a capacity of transporting 10 billion cubic meters of gas per year. Some 700 kilometers of the pipeline will be built on the DPRK territory, Russia's Energy News website reported.
Russia's Gazprom and South Korea's Kogas signed an agreement in June 2009 on the joint gas project. Seoul also proposed an alternative project envisaging gas transportation directly from the port of Vladivostok to South Korea by sea.

No comments:

Post a Comment