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Bulgaria and Korea mull shipyard jv

Bulgaria and Korea mull shipyard jv

Seoul: Bulgaria's President Georgi Parvanov and his South Korean counterpart Lee Myung-bak have discussed the idea for a joint project for building ships for transporting compressed natural gas in the Black Sea. Parvanov and the Bulgarian delegation visited earlier the largest shipbuilding yard in the world - owned by Hyundai Heavy Industries, and located in the city of Ulsan.
"This is an idea that could create an alternative to the supplies of natural gas not only for Bulgaria but also for the whole region, giving greater energy security to the EU," Parvanov said in Seoul as quoted by BTA.
The Bulgarian President has expressed his satisfaction with the fact that the idea for a joint shipbuilding project had been discussed with experts from Hyundai, who had expressed their positive attitude for it.
The Presidents of Bulgaria and South Korea think the experts of the two countries should consider in-depth the feasibility of the project, including the potential participation of third parties. [28/10/09]

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