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Progress Made on Pipeline Project

By Cho Jong Ik
[2012-02-27 16:27 ]  
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The Republic of Korea Ambassador to Russia, former chief nuclear negotiator Wi Sung Lac, says there has been progress on a gas pipeline connecting Russia, North Korea and South Korea.

¡°At the moment it is at the stage of enterprises discussing commercial conditions, and I am aware that there has been progress. North Korea and Russia are also discussing issues of transit and transit fees via working-level consultations,¡± he explained to reporters on a visit to Seoul today.

Wi would not be drawn on what kind of progress has been achieved, saying, ¡°It¡¯s about commercial details and so is hard to explain, but it appears there has been progress on supply quantities and supply conditions.¡±

However, he was much less bullish on the issue of inter-Korean relations, saying, ¡°The conditions now are not as good as they were at the time of the 1st and 2nd inter-Korean denuclearization talks last year. Improving inter-Korean relations is looking more difficult. If conditions (for discussion) can be shaped in short order then good; if the timeframe gets extended then it won¡¯t be easy.¡±
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Comment [There are 1 total opinions]
Tim Ka Once established it would be wise to build extensive underground gas storage facilities as a hedge in case NK deside to stop gas flow because of fat Kim idiocy. Something tells me that NK will be stealing gas as well for their own needs. 2012-02-28 02:46:14
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