UPDATE 1-Russia to order 13 LNG tankers from S.Korea; signs raft of MOUs

Среда, 13 ноября 2013 14:24 MSK

* Rosneft, DSME signed shipbuilding MOU as part of LNG deal

* Two countries set up joint investment funds of over $2 bln

* Funds to support shipbuilding deal in Russia (Adds details on further deals signed, quotes)

By Ju-min Park and Alexei Anishchuk

SEOUL, Nov 13 (Reuters) - Russia plans to award South Korean shipbuilders a contract to build 13 or more liquefied natural gas (LNG) carriers as part of efforts to increase business between the world's top gas producer and the second biggest LNG buyer.

The announcement from South Korea's presidential office on Wednesday came during Russian President Vladimir Putin's trip to Seoul for a summit with South Korean counterpart Park Geun-hye.

As part of the agreement, Russian energy giant Rosneft , Russian vessel operator SovComFlot, Gazprombank and South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) agreed to set up a ship building yard in Russia.

Russia and South Korea also agreed that potential supplies of natural gas to Seoul via pipeline would be driven by "economic viability" without elaborating. Talks about such a pipeline have previously seen little progress because it would likely have to pass through North Korea.

"The decisions to supply Russian pipeline gas to South Korea in the mid-term and long-term prospective will take into account the availability of resources, economic viability and other preconditions necessary for the fulfilment of this project," a separate joint statement by the two parties said.   Продолжение...