Korea’s Daewoo International, the operator of Burma’s largest gas field, has awarded the rights to buy new natural gas to an unnamed Chinese company, which beat out a bid from a leading Indian energy supplier.
China, India, Thailand, South Korea and Japan are all competing
fiercely for a share in Burma’s gas supply, as new gas fields are being
increasingly discovered. China is thought to have sanctioned the
building of a new gas pipeline as part of the deal. The southeast Asian
country had around 19 trillion cubic feet of gas reserves in 2006.
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