Gazprom Says Preparing To Enter Stage Of Justifying Investment In Pipeline To South Korea

Gazprom Says Preparing to Enter Stage of Justifying Investment in Pipeline to South Korea

Russian energy giant Gazprom and its partners are preparing to take a project on constructing a gas pipeline to South Korea via North Korea to the stage of justification of investment, Gazprom Management Board Deputy Chairman Alexander Medvedev said on Tuesday.

VLADIVOSTOK (Pakistan Point News / Sputnik - 11th September, 2018) Russian energy giant Gazprom and its partners are preparing to take a project on constructing a gas pipeline to South Korea via North Korea to the stage of justification of investment, Gazprom Management board Deputy Chairman Alexander Medvedev said on Tuesday.

"We are in contact with our South Korean and North Korean colleagues, we are preparing to enter a very important stage, called ... the stage of justification of investment. Technical, economic and commercial tasks should be accomplished to enter this stage ... I hope that soon I will able to say that we have entered this stage," Medvedev told the panel session at the Eastern Economic Forum (EEF).

The fourth EEF is now underway on the island of Russky in Vladivostok. The main event of the forum will be the plenary session "The Russian Far East: Creating a New Reality" with Russian President Vladimir Putin's participation. Rossiya Segodnya International Information Agency is the general information partner of the forum.