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China To Reap Most of Myanmar’s Oil

December 29, 2008

Military-run Myanmar has signed a deal with South Korean and Indian companies to pipe natural gas from the energy-rich nation’s offshore fields to China, state media reported Monday.

The Myanmar Oil and Gas Enterprise inked the deal last Wednesday with South Korean companies Daewoo and Korea Gas Corporation and Indian energy firms ONGC Videsh and GAIL to supply gas to the China National United Oil Corporation.

AFP

Myanmar soldiers parade during a ceremony marking the country's ... 
Myanmar soldiers parade during a ceremony marking the country’s Armed Forces Day in the country’s new capital, Naypyidaw. Military-run Myanmar has signed a deal with South Korean and Indian companies to pipe natural gas from the energy-rich nation’s offshore fields to China, state media have reported.(AFP/File/Khin Maung Win)

“The agreement was signed to export natural gas to China from Shwe natural gas project at Block A-1 and A-3 at Rakhine coastal region through pipelines,” the New Light of Myanmar newspaper said.

The paper gave no other details of the project, but Beijing media reported last month that China was planning to start construction on a gas pipeline to Myanmar in early 2009.

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http://news.yahoo.com/s/afp/20081229/bs_afp/m
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