Firms to Pipe Burma Gas to China

In cooperation with South Korean and Indian firms, Burma will supply China’s National United Corporation with natural . From the BBC:

… Burma’s state firm has signed a deal with South Korea’s Daewoo and Korea Gas Corporation, and India’s ONGC Videsh and GAIL. Daewoo holds the leading 51% stake in the deal.

The deal will see gas from Shwe reserves in waters off the Burmese state of Rakhine piped to China to supply China’s National United Oil Corporation. China’s Xinhua state agency says it is a 30-year deal.

As well as Burmese ministers, the signing ceremony was attended by executives from both Korean firms, ONGC Videsh and the Chinese corporation, the New Light of reported.

It gave few further details of the deal, but earlier reports from suggest construction will start in the new year.

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