From The Irrawaddy News Magazine:
Chinese energy company PetroChina has reached an understanding to buy almost a tenth of Burma’s huge gas reserves. Those gas dollars will most likely be squandered on guns rather than education and healthcare. Many more dollars will probably flow as a pipeline plan, road, and railway projects suggest Beijing is close to opening trade routes through Burma”a long-held dream.
In early November or December, Rangoon quietly agreed to a memorandum of understanding to sell 6.5 trillion cubic feet of gas to Chinese oil giant PetroChina, an amount that would take Singapore 30 years to exhaust.
