News / Europe

Russia, Two Koreas Renew Talks on Shared Gas Pipeline

North Korean leader Kim Jong Il, second right, and Russian President Dmitry Medvedev, second left, walk during a meeting an a military garrison, outside Ulan-Ude, August 24, 2011
North Korean leader Kim Jong Il, second right, and Russian President Dmitry Medvedev, second left, walk during a meeting an a military garrison, outside Ulan-Ude, August 24, 2011
TEXT SIZE - +

Envoys from South and North Korea are expected to meet in Beijing on Wednesday.  It will be the latest attempt to get multinational talks about North Korea’s nuclear weapons program back up and running after a nearly three-year stalemate.  But, the North’s nuclear arsenal is not the only inter-Korean issue that has been grabbing attention lately.  There has been renewed enthusiasm for constructing a natural gas pipeline from Russia that would run across the Korean peninsula. 

Momentum gained

Talk of building a pipeline that would deliver Russian natural gas to South Korea by way of North Korea has been going on for decades.

But the project recently gained new momentum when North Korean ruler Kim Jong-il paid Russian President Dmitry Medvedev a visit in Siberia.

Footage aired on Russian television shows the two leaders shaking hands ahead of their summit last month.  Reports say both men agreed that construction of a gas pipeline should finally be realized.

Following that meeting, officials in South Korea’s energy sector made it clear that they too want to see the pipeline finally built.  

Last week, the president of South Korea’s state-run Korea Gas Corporation met with representatives of the Russian energy firm, Gazprom.  The agency says that the officials worked out a road map for future gas deliveries to South Korea.

Government estimates say the pipeline would cost $3.4 billion to construct.  But some analysts say, in the long run, it will pay off for South Korea.

Kang Hee-chan is an environmental and energy analyst at the Samsung Economic Research Institute in Seoul.  

“Our gas demands continue to grow.  Most of the gas is from the shipping from Europe and West Asia.  Those options are very costly," Kang noted. "When we can get gas from Russia through North Korea, it’s more cost competitive.”

Shared pipeline not without risks

Despite those savings, current tensions on the Korean peninsula mean the benefits might not outweigh the risks.  

“In the long run, this is a very good project, its good both from the economic and political point of view," said Russia native Andrei Lankov, a North Korea analyst at Seoul’s Kookmin University. "However, in order to succeed it needs [a] stable climate of cooperation, exchanges and trust. Frankly I don’t see such climate coming anytime soon.”

Lankov says a shared natural gas pipeline would pose risks for all parties involved, but especially for South Korea.

He says Pyongyang could steal gas or even turn the pipeline off if inter-Korean relations sour. Lankov adds that Seoul would need to have a contingency plan to compensate for that loss if tensions rise.

Building public support

In a report this week to South Korea’s National Assembly, the ministry of knowledge economy said that it will consider all risks involved in doing business with North Korea.  The ministry added that, for the moment, there have been no discussions with Moscow or Pyongyang on the terms of a contract.  

But, already South Korean politicians are trying to build-up public support for the pipeline.

During an interview on Korean television earlier this month, President Lee Myung Bak said it is only a matter of time before the project begins.  

President Lee said that both Koreas are already talking with Russia separately about the pipeline.  He predicts that, at some point, all three countries will reach an agreement.  He says the project could proceed faster than expected and it will be a great business if it works out.

Analyst Andrei Lankov says many politicians here are trying to win support for the pipeline by promoting it as a step closer toward unification with North Korea.

He says that is just wishful thinking. “It’s a very usual type of official rhetoric in Korea.  All kinds of exchanges between the two Korean states is always described as something related to unification.  It’s convenient, it sells very well to the nationalistic Korean public, but let’s be frank, it has nothing to do with unification is just normal economic exchanges and nothing else,” Lankov said. 

Further talks between South Koran and Russia could occur later this year when Presidents Lee and Medvedev meet at the G-20 summit in Paris.

You May Like

Abuja Blast Impacts Lives, Livelihoods

Officials say they are looking at ways to help bombing victims and boosting security More

Cambodia Technology Adviser Criticizes Cybercrime Draft Law

Phu Leewood says current criminal code can be used to prosecute offenders and that there is no need for a separate law More

Photogallery A Year Later, Boston Remembers Deadly Marathon Bombings

City pauses to honor victims and salute emergency workers who came to their assistance in frantic moments after blasts More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid