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China opens pipeline to bring gas from Myanmar
Bradenton Herald ^ | 07/29/2013 | Louise Watt

Posted on 07/29/2013 2:54:33 AM PDT by TexGrill

BEIJING — China has switched on a pipeline bringing natural gas from Myanmar, a state company said Monday, in a project that has raised concerns in Myanmar's nascent civil society about whether its giant neighbor's resource grabs will benefit local people.

The 793-kilometer (493-mile) pipeline connects the Bay of Bengal with southwest China's Yunnan province and is expected to transfer 12 billion cubic meters of natural gas to China annually, according to a news release on the website of China National Petroleum Corporation (CNPC).

A parallel 771-kilometer (479-mile) pipeline that will carry Middle East oil — shipped via the Indian Ocean — is still under construction.China's investments, largely in energy and mining, have generated controversy in Myanmar because they have done little to relieve that country's chronic power shortages.

In response, the Myanmar government abruptly suspended construction in 2011 of the China-backed Myitsone dam, which would displace thousands and flood the spiritual heartland of Myanmar's Kachin ethnic minority.While the pipelines are expected to provide only a small proportion of China's oil and gas consumption, they are strategically important to Beijing.

The gas pipeline that began operating Sunday offers a nearby source of gas, and the oil pipeline would eliminate the need for tankers from the Middle East to pass through the crowded Malacca Strait between Malaysia and Indonesia.

The two joint ventures are between state-owned China National Petroleum Corporation (CNPC) and Myanmar's national petroleum company Myanmar Oil and Gas Enterprise. Four other companies from India and South Korea also have stakes in the project, according to CNPC.

(Excerpt) Read more at bradenton.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: 969; chinaeconomy; energy; naturalgas; pipeline
Global business tip
1 posted on 07/29/2013 2:54:33 AM PDT by TexGrill
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To: TexGrill

They like being called Burma again.

LLS


2 posted on 07/29/2013 4:33:03 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: TexGrill

time for O to make another trip to China to tout this achievment and opine on why we can’t do something like this in the US?


3 posted on 07/29/2013 5:31:58 AM PDT by Homer1
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To: TexGrill
HEY, we could do that TO! Maybe build a pipeline from one of our neighborS, right smack into LOS ESTADOS UNIDOS, Senor.

Say CANADA for instance.

Holy Hombre Murciélago, we could create thousands of yobs, mang. AieeEEE chihuahua... SI, SE PUEDE.


4 posted on 07/29/2013 9:58:29 AM PDT by jimsin (U)
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