1 November 2008
Russia targets South Korea
GAS EXPORTS to South Korea will begin by 2015, following a memorandum of understanding signed at the end of September between Gazprom and Kogas, the two state-controlled companies. The $100bn deal will see construction of a 10bn cubic metres a year pipeline to the Korean peninsula. Exports will last for 30 years. The companies say they will also "explore the possibility of implementing projects in the area of gas processing, construction of a gas chemicals plant and a liquefied natural gas (LNG) plant in Russia's far east". South Korea says the imports will cost $90bn and will meet 20% of projected demand. The pipeline will start in Vladivostok, in the far east, and cross North Korea before
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
