China's biggest oil and gas company China National Petroleum Corp.(CNPC ) has expressed interested in a terminal in Kyaukphyu in Myanmar to receive imported Liquefied natural gas (LNG).
China National Petroleum Corporation has proposed developing a terminal in Kyaukphyu to receive imported LNG, local media quoted an official from state-owned Myanma Oil and Gas Enterprise.
He said that companies from China, Korea, Japan, Norway, Singapore and Thailand have already proposed investment into LNG development projects in Myanmar, and feasibility studies have been completed.
The Myanmar-China natural gas pipeline, which begins at Kyaukphyu in Rakhine State, began full operations in late 2013. It is designed to transmit 12 billion cubic metres of natural gas per year from the Shwe natural gas field, although currently only around 400 million cubic feet per day (mmcfd) is exported to China.
Myanmar authorities awarded to CNPC in early 2007 three deepwater blocks AD-1, AD-6 and AD-8, with a total area of 10,000 square kilometres.
Oil industry sources have said earlier that China National Petroleum Company (CNPC) is chartering the rig and is the operator of the offshore oil block in the Andaman Sea
Meanwhile, CNPC started trial operations at a crude pipeline in Myanmar that could shorten the time for shipments to reach refineries.
A very large crude carrier capable of hauling 300,000 metric tons discharged oil into tanks at Myanmar’s Ma-de island port, the pipeline’s starting point, CNPC, the operator of the facility, said.
During last November, A memorandum of understanding (MOU) on expanding oil and gas cooperation was signed between CNPC and the Myanmar ministry of energy.
According to the MOU, CNPC and Myanmar will strengthen communication in energy policies
, technology, oil and gas projects and trade, in order to seek for more cooperation opportunities to promote the development of Myanmar's oil and gas industry.