Is gas-rich Russia the loser on North Korea to South Korea pipeline deal?

Key countries with an interest in the Russia-to-South Korea pipeline deal
Key countries with an interest in the Russia-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.

[[quote]]

R...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment