Oil Economy Focus Rapid Review
Moscow is manoeuvring itself to take advantage of the rapprochement on the Korean peninsula by reviving a decades-old energy megaproject that would connect Russian gas and the Trans-Siberian railroad to Seoul via North Korea, reported Forbes in late-June. Gazprom and Korea’s gas monopoly Kogas have been attempting to construct a pipeline carrying Russian gas to Korea via the DPRK since Vladimir Putin visited Pyongyang in 2001. Korea is cognizant of its over-reliance on Middle East gas suppliers, who together account for 90% of imports. From an energy security standpoint, Russia would add diversification to the ROK fuel mix.
LINK TO THE SOURCE ARTICLE: Russian gas pipeline through North Korea to Seoul
