South Korea, Turkmenistan sign $4 billon gas deals

June 23, 2014

South Korean leader Park Geun-Hye on Friday oversaw the signing of $4 billion in agreements to build natural gas-processing plants in the isolated energy-rich Central Asian nation of Turkmenistan.

Park and her host Gurbanguly Berdymukhammedov presided over the inking of a number of agreements including a preliminary deal between state gas company Turkmengaz and South Korea's LG and Hyundai to build gas-processing plants.

"Today we've signed two agreements to implement two major projects worth US$4 billion dollars," said the Turkmen leader.

Park, who was on her first visit to Turkmenistan as part of a Central Asia tour, said the two countries complemented each other economically.

Copyright, Channel News Asia, 2014.