Wednesday, August 24, 2011

Russia to Renew Work on Pipeline Through Korean Peninsula

North Korea has agreed to the creation of a tripartite commission with South Korea and Russia that would allow for shipment of gas through the Korean peninsula.  After a recent summit in Siberia, President Medvedev said that he and Kim Jong-il had agreed to bring North and South Korea together to move the pipeline project forward.  "We achieved certain results on gas cooperation.  In particular, a decision has been taken to create a special commission for gas transit to the Republic of Korea via the territory of DPRK."  The pipeline agreement could lead to 1100 km of pipeline constructed along the Korean peninsula, with 700 km of the pipeline traveling through North Korea.  An earlier deal on joint gas supply between South Korea's Kogaz and Gazprom stalled in 2009 due to poor relations between North and South Korea.

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