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China-Japan-Koreas
Two Koreas, Russia Inch Closer to Pipeline Deal
2011-09-17
The energy chiefs of South and North Korea have discussed with Russian energy giant Gazprom a pipeline to funnel Russian natural gas across the peninsula to South Korea.

Gazprom on Thursday said it signed a memorandum of understanding with North Korea's Ministry of Oil Industry and agreed to set up a working group on the project. Gazprom also said it signed a "roadmap" for future gas deliveries with South Korean gas pipeline operator KOGAS. There was no confirmation whether the energy chiefs of the two Koreas met as well.

The pipeline is expected to be over 1,100 km long, including 700 km across North Korea.
The Norks could earn some needed coin for the royalties on the pipeline, or they could be stupid and blow the deal. I'll bet on 'stupid'...
Posted by:Steve White

#3  I'll have to vote this is the result of his travels to China and Russia. Russia won, or china gets the construction contract. Bet the contract requires nork labor to do the install. Also bet it really falls behind and SK/US needs to kick in some incentive for completion.
Posted by: Skidmark   2011-09-17 23:15  

#2  I wouldn't get too dependent on that line if I were the SKs. Nice hostage for the NKs
Posted by: Frank G   2011-09-17 08:50  

#1  That depends on how many generals and secret police commanders the ChiComs have in their pocket now: enough of those, and the deal will go through even if it has to wait for the elder Kim to die. And I would avoid medical treatments in China if I were him and he impedes the pipeline, lots of people die in hospitals from complications.
Posted by: Shieldwolf   2011-09-17 00:21  

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