Geopolitics of energy and Korea's choice
Russia is ranked first in terms of natural gas reserves and eighth in terms of oil reserves. In this regard, importing Russian natural gas through the pipeline that passes through the North is vital for the South's energy future. The project will enable South Korea to import relatively cheap Russian gas through a pipeline. South Korea currently imports all its natural gas in the form of expensive liquefied natural gas (LNG).
Many barriers should be removed in order to finalize the Russia-North Korea-South Korea natural gas pipeline. Solving the issues of Pyongyang's nuclear missile program might be a prerequisite condition before Seoul makes a final decision on the natural gas contract with Russia.
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