Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
South Korean military plans to launch new division for future warfare
-
7
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
8
Kia EV9 GT marks world debut at LA Motor Show
-
9
Teen smoking, drinking decline, while mental health, dietary habits worsen
-
10
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
The state-run Korea Trade Insurance Corporation, known as K-sure, said Wednesday it would join the Yamal liquefied natural gas project in Russia as a financial investor.
The decision was made after Russia’s second-largest gas producer Novatek, which owns an 80 percent stake in the $25 billion project, visited the export credit agency to ask for financing for the project.
K-sure said the amount of financing would be decided later after the project operator announced global engineering, production and construction companies to join projects.
”K-sure’s investments will be linked to participation of Korean companies,” a K-sure official said. Industry waters estimated Korean EPC companies would attract up to $5 trillion worth of contacts.
Yamal LNG project is a gas field development project on the Yamal Peninsula above the Arctic circle in Russia. France’s Total takes the remaining 20 percent stake in the project.
(jyseo@heraldcorp.com)
The decision was made after Russia’s second-largest gas producer Novatek, which owns an 80 percent stake in the $25 billion project, visited the export credit agency to ask for financing for the project.
K-sure said the amount of financing would be decided later after the project operator announced global engineering, production and construction companies to join projects.
”K-sure’s investments will be linked to participation of Korean companies,” a K-sure official said. Industry waters estimated Korean EPC companies would attract up to $5 trillion worth of contacts.
Yamal LNG project is a gas field development project on the Yamal Peninsula above the Arctic circle in Russia. France’s Total takes the remaining 20 percent stake in the project.
(jyseo@heraldcorp.com)
