Is gas-rich Russia the loser on North Korea to South Korea pipeline deal?
Russia has been playing a high-stakes political game in North East Asia using talks over a pipeline deal with South Korea and Seoul’s long-term enemy, North Korea, to enhance its bargaining position in talks with China. Moscow’s ambition is to move into the Chinese energy market and it hoped the Korea negotiations would coerce China into agreeing higher prices for Russian gas. However, it seems Russia has lost out as pipeline talks stall and China looks to other suppliers.
SOUTH Korea has a fast-growing economy which imports oil, coal and gas to meet nearly all its energy needs. It is one of the world’s neediest energy consumers.
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.