Saturday, November 11, 2006

Energy: Russia negotiating energy deals for North and South Korea

Associated Press reports that: "Russia has been negotiating deals to provide electricity to North and South Korea, a Russian official said, although the talks are now in jeopardy because of U.N. Security Council sanctions against the communist nation."

"The two projects, being proposed by the Far Eastern department of Russia's electricity monopoly RAO Unified Energy Systems, would help meet the North's dire need for electricity to bolster its sagging economy plagued by endemic shortages, while also providing energy-hungry South Korea with power for its bustling economy."

Full article Taiwan News Online