"We have [had] some discussions with Gazprom with regard to the Sakhalin 2 project. If the price will be good, we can consider it," Lim said on Tuesday.
In 2005, Kogas and Sakhalin Energy — the operator of the Sakhalin 2 liquefied natural gas (LNG) project — signed an agreement for the supply of 1.5 million tons of LNG annually to South Korea. Gazprom possesses 50 percent plus one share in Sakhalin Energy.
READ MORE: South Korea’s Kogas Ready to Start Gas Pipeline Project With Russia via DPRK
Meanwhile, Kogas President Seung-Il Cheong told Sputnik that the company could decide whether to participate in Russia’s Novatek Arctic LNG 2 project by next June.
"We have to look at the economic part of the project. Maybe we will make a decision by next June," he said on Tuesday on the margins of the World Gas Conference.
