• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 1 hour *Happy Dance* ... U.S. Shale Oil Slowdown
  • 7 hours Socialists want to exorcise the O&G demon by 2030
  • 17 mins Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 30 mins Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 7 hours UK, Stay in EU, Says Tusk
  • 2 days Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 34 mins How Is Greenland Dealing With Climate Change?
  • 4 hours Is Natural Gas Renewable? I say yes it is.
  • 2 days Conspiracy - Theory versus Reality
  • 2 days Chevron to Boost Spend on Quick-Return Projects
  • 2 days Maritime Act of 2020 and pending carbon tax effects
  • 7 hours Saudi Private Jet Industry Stalls After Corruption Crackdown
OPEC Cuts Are Already Paying Off

OPEC Cuts Are Already Paying Off

Despite troubling economic data from…

Gazprom in North Korea for Energy Cooperation Talks

Building on a meeting last month in Moscow between Gazprom President Alekhsei Miller and North Korean Ambassador to Russia Kim Yong Jeh, a Gazprom delegation has flown to Pyongyang for energy cooperation discussions.

North Korean Minister of Oil Industry Kim Hui Yong met with Gazprom Chairman Alekhsandr Ananenkov to discuss cooperation on oil and gas and other bilateral issues, the company reported.

Gazprom is hedging its bets on the Korean peninsula, as in 2009 the natural gas state monopoly and South Korea's Kogas agreed to consider shipping Russian natural gas supplies to South Korea, the world's second largest customer for liquefied natural gas after Japan.

Gazprom, currently developing Russia's sole LNG project known as Sakhalin-2 with Shell, Mitsui and Mitsubishi Corp. located in the Sea of Japan, wants to expand into Asian markets and aims to supply 14 percent of the global LNG market by 2030.

Earlier discussions between Gazprom and North Korea centered around the possibility of constructing of a natural gas pipeline through North Korea to transit Russian gas from the Sakhalin-Khabarovsk-Vladivostok transportation system to South Korea, but the discussion stalled after relations between the two Koreas soured. While the Russian Federation and North Korea share a common border, their bilateral trade suffered after the 1991 collapse of the Soviet Union.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News