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17

Gazprom To Supply Gas To South Korea

RIA Novosti reported that Russian energy giant Gazprom and South Korea's gas corporation Kogas have agreed to set up a working group on gas supplies to South Korea

RIA Novosti reported that Russian energy giant Gazprom and South Korea's gas corporation Kogas have agreed to set up a working group on gas supplies to South Korea.

Mr Konstantin Pulikovsky chief of Rostekhnadzor who also heads a bilateral intergovernmental commission said "Gazprom and Kogaz will set up a working group to address issues concerning natural gas supplies to South Korea through a gas pipeline before signing a gas cooperation agreement."

A Gazprom official confirmed that the parties had been negotiating the issue.

South Korea relies almost entirely on imports for its liquefied natural gas needs.

It has a diversified gas transportation network, linking coastal liquefied natural gas terminals to key consumption centers across the country, which makes it possible to use natural gas not only in electricity generation but also in the industrial and the utility sectors.