Agreement between the Government of the Russian Federation and the Government of the Republic of Korea on cooperation in gas sector.

The Parties promote the development of cooperation in the field of gas industry between the two states in accordance with their national legislation on the basis of parity and mutual benefit in the following areas: (a) supply of natural gas by pipeline from the Russian Federation to the Republic of Korea; (b) scientific and technical cooperation in the field of gas industry; (c) construction, upgrade and technical operation of gas pipelines, gas storage facilities and other infrastructure facilities of the gas industry; (d) provision of services in the field of gas industry; (e) prospecting, exploration, development and operation of gas fields; (f) environmental protection; (g) sharing of experience and implementation of modern technologies in the field of natural gas transportation, including technologies for gas liquefying and gas compressing; (h) development of gas fields infrastructure, as well as of onshore gas terminals for shipment and transport of liquefied and compressed natural gas; and (i) delivery of natural gas to end consumers in the Republic of Korea and third countries. The following organizations designated and authorized by the Parties implement this Agreement: (a) for the Russian party - the Open Joint Stock Company "Gazprom" and/or its affiliated companies; and (b) for the Korean Party - Korea Gas Corporation and/or its affiliated companies.