South and North Korea have agreed to launch a joint feasibility study for a proposed pipeline...
South and North Korea have agreed to launch a joint feasibility study for a proposed pipeline to run from natural gas fields in eastern Siberia through the North and into the South, Seoul's Commerce, Industry and Energy Ministry reports.
South Korea, China and Russia have agreed on a project to jointly develop gas fields near the Siberian city of Irkutsk and build a pipeline that will start feeding South Korea's natural gas needs in 2008.
A six-member South Korean delegation, which arrived in Pyongyang last Wednesday, reached the agreement with the North's National Economic Cooperation Federation at working-level meetings held last Thursday and Friday. Kim Jong-sool, vice president of Korea Gas Corp (KOGAS), led the South Korean delegation.
The two sides plan to discuss details on the implementation and sign a formal agreement in Pyongyang by the end of this month.