Companies / South Korea
South Korea Increases Russian Gas Supplies
October 2006 | Industry NewsRussia is likely to increase sales of natural gas to South Korea following a meeting to discuss co-operation between the two countries. Details of the agreement will be decided between Russian gas monopoly Gazprom and Korea Gas Corporation (KGC). BMI sees this move as a natural alliance between Russia, the holder of the world's largest proven gas reserves, and South Korea, the world's biggest importer of liquefied natural gas (LNG). The development can also be seen in the context of Russia expanding its export capacity eastwards and seeking to exploit ever-growing demand levels from the energy-hungry countries of south and
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