Published:  12:40 AM, 12 September 2018

Gazprom revives Korean gas pipeline idea


Russian natural gas producer Gazprom is revisiting plans to build a pipeline to South Korea across North Korea after noting signs of easing tensions on the Korean peninsula, a Gazprom executive said on Tuesday.

Deputy CEO Alexander Medvedev told an economic forum in Russia's far east that Gazprom had returned to the idea of the pipeline in June "now signs have appeared of an improvement in the political situation". "...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," Medvedev said. 

---Reuters, Vladivostok


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