A decade-old idea of a Russian gas pipeline to South Korea via North Korea could be revived if the security situation on the Korean peninsula improves, South Korea’s Foreign Minister Kang Kyung-wha said on Friday. “Should the security situation on the Korean Peninsula improve, we will be able to review the PNG [pipeline natural gas] business involving the two Koreas and Russia,” South Korea’s news agency quoted Kang as saying at a forum on regional energy cooperation in Seoul. “Furthermore, if the North participates in talks on Northeast Asia energy cooperation, it would serve as a catalyst that helps ease geopolitical tensions in the region,” South Korea’s top diplomat noted. Russian giant Gazprom had the idea to deliver 10 bcm of natural gas to the resource-poor and import-dependent South Korea by pipeline, but its route has to pass through the territory of North Korea. Russia and South Korea signed […]