Moscow hosted a meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Young Sung Park, Executive Vice President of Korea Gas Corporation (Kogas).
The negotiations centered on pipeline supplies of Russian natural gas to South Korea via North Korea. Special attention was paid to commercial parameters of the project. The parties achieved progress in developing the efficient solutions needed for failsafe operation of the future gas transmission system.
Based on the negotiations results, a decision was taken to expand engineering cooperation between the two companies and to arrange visits by dedicated experts to key gas transmission facilities in Russia and South Korea for their thorough inspection.
[mappress]
LNG World News Staff, April 6, 2012