South Korea to Build 15 Tankers for Russia

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Image Courtesy: Business Korea

Russian President, Vladimir Putin announced on Wednesday that South Korean Shipyards will build 15 tankers for gas transport from Yamal LNG.

The announcement was made at the 2017 Economic Forum.

Addressing journalists, after talks with South Korean President Moon Jae-In, President Putin stated, “We have noted with satisfaction the successful cooperation in the energy sector: South Korean companies are participating in the Sakhalin-1 and Sakhalin-2 projects, we are working on the issue of increasing purchases of liquefied natural gas,” he added, “15 tankers will be built at the South Korean shipyards to transport Yamal LNG products.”

“Today, we with Mr. President agreed to intensify the joint investment and financial platform activities, worth USD 1 billion, and to form a portfolio of promising projects, primarily in the Russian Far East, with the extensive use of the opportunities of advanced development territories and the free Vladivostok port,” he stated.