S. Korea wants more part in LNG project

Business, Normal

The National, Monday, June 6th 2011

SOUTH Korea has asked the Papua New Guinean government’s cooperation in allowing a larger number of its  companies to participate in the PNG LNG  project.
 This was expressed by South Korean foreign minister Kim Sung-hwan to conclude agreements on investment guarantee, aviation cooperation and distant-water fishing vessels operation at a special meet between South Korea, Fiji and PNG in Seoul.
During the Korea-Fiji and Korea-PNG foreign ministers’ meeting last week, Kim told PNG counterpart Don Polye that his country had a lot to offer and the two countries’ governments needed a stronger tie to enhance their bilateral and trade relations.
The two ministers agreed to make further efforts to expand trade and investment in energy, resources and fisheries.
Kim expressed gratitude for PNG’s support for South Korea’s bid to host the COP18 meet next year.
Meanwhile, Polye expressed appreciation for the South Korean government’s efforts and leadership in strengthening the ties between them and the Pacific Island countries as seen by its hosting of the 1st Korea-Pacific Islands foreign ministers’ meeting.