South Korea, China and Russia plan to hold working-level talks later in March to discuss progress in a joint study to pipe gas from Siberia’s giant Kovykta gas field to North Asia, a South Korean official has said. Officials from state-run Korea Gas Corp. (KOGAS), RUSIA Petroleum, in which BP has a major stake, and China National Petroleum Corp. plan to meet in Moscow between 28 March 28 and 4 April. “We will discuss various parts of the project this time before we finally complete the study by June,” Kim Myung-nam, head of overseas project team at KOGAS, said. Work on the feasibility study began in November 2000. Kim said the talks would touch upon evaluation of recoverable reserves, pipeline construction, overall costs, projection of natural gas demand in China and South Korea and pricing. He said the Kovykta field could start production as early as 2008, supplying 20 billion cubic metres (bcm) of gas to China and 10 bcm to South Korea.
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