The proposed Rs.8,500 crore
Myanmar-India gas pipeline is on the verge of being shelved as Yangon (in
Myanmar) is likely to opt for an LNG project to exploit gas finds in two blocks
and selling it to other countries- Japan or Korea.
After finding the bids unsatisfactory
for selling gas through a pipeline to either China, India or Thailand, Myanmar
Oil and Gas Enterprise (MOGE) in early-December 2006 called for bids for selling
3.5 million tpa of LNG from Daewoo's A-1 and A-3 blocks
Daewoo is the operator of the block
with 60 percent stake while Korea's KoGas has 10 percent interest, ONGC holds 20
percent and GAIL 10 percent in the blocks. In all 10 companies, mostly from
China, Japan and Korea put in bids including Gail in which Marubeni of Japan and
KoGas of Korea have emerged as the top bidder for the LNG.
Also See:
GAIL
submits bid for LNG imports from Myanmar (20-Dec-06)
Related Links:
Project
profile