"South Korea is the second Liquefied Natural Gas (LNG) importer and I think the ground is ready for implementation of Memorandums of Understanding signed between Tehran and Seoul," the official added.

The documents, which were signed in the presence of Iranian and Korean presidents aiming to create a new momentum in relations between the two countries, include maritime transport agreement between the governments of the Islamic Republic of Iran and the Republic of Korea, MoU on cooperation in the field of transport and infrastructure framework, cooperation in oil, natural gas, refining and petrochemicals, cooperation in the field of water resources as well as a memorandum on cooperation in the field of electrical energy and new energy industries.