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2010 News
Up one levelNews and data collection between January - December 2010
Steel-making Giant Bids to Take Over Shwe Gas Development
March 6, 2010: Asia's biggest steel-making company is bidding to take over Burma's Shwe gas project.
Women Nobel Laureates Urge Oil Businesses to Stay Clear of Burma
March 6, 2010: A group of Nobel Peace Prize recipients is urging oil and gas companies to avoid doing business in Burma.
POSCO in bid for Shwe operator
March 3, 2010: South Korea’s steelmaker POSCO has submitted a bid for a controlling stake in Daewoo International, operator of Burmese Shwe gas project, to Korea Asset Management Corporation (KAMCO).
India invests $1.35m in Burma gas
March 4, 2010: India is investing $US1.35 billion in gas projects in military-ruled Burma, the two governments have announced, as the neighbouring nations pursue closer economic and diplomatic ties.
S. Korea Increases Stake in Shwe Gas Project
March 2, 2010: South Korea’s business stranglehold on Burma’s major offshore Shwe gas field development has been underlined by the US $1.4 billion contract awarded to Hyundai Heavy Industries by Daewoo International.
Bangladesh agrees to tri-nation gas pipeline
February 28, 2010: The assent was communicated during power secretary Brahma’s visit to Bangladesh in February.
Indian companies to invest more in Myanmar offshore gas projects
February 28, 2010: YANGON, Two large Indian oil and gas companies will invest a total of 1.33 billion U.S. dollars more in offshore gas projects in Myanmar's western Rakhine state, the local weekly Voice reported Sunday.
Hyundai signs US $ 1.4 billion contract for gas facilities in Burma
February 25, 2010: South Korea’s Hyundai Heavy Industries (HHI) on Tuesday signed a contract for a US $ 1.4 billion project to build gas facilities in military-ruled Burma.
Hyundai Gets Burma Gas Contract
February 23, 2010: South Korea's Daewoo International Corp, which leads a foreign consortium developing part of Burma’s largest offshore gas reserves, has awarded a US $1.4 billion contract to Hyundai Heavy Industries Co for the construction of gas facilities in Burma.
S .Korea firm sign billion dollar Myanmar gas deal
February 23, 2010: Seoul, Hyundai Heavy Industries said it signed a 1.4 billion dollar deal Tuesday with another South Korean firm to develop a huge natural gasfield in military-ruled Myanmar.
Myanmar oil plans cleared
February 18, 2010: New Delhi, The government today approved investments of $1.33 billion by Oil and Natural Gas Corporation and GAIL (India) Limited in gas field development projects in Myanmar. Gas from the project will be shipped to China.
Yadana shutdown won't cause power shortage
February 19, 2010: A 16-day shutdown of gas supplies from Burma next month will not result in power blackouts but could lead to higher electricity costs later in the year, said Energy Minister Wannarat Channukul.
ONGC, GAIL can invest in China's Myanmar gas project
February 18, 2010: New Delhi, The Government on Thursday allowed Oil and Natural Gas Corporation (ONGC) and GAIL India to take 8.35 per cent and 4.17 per cent stake respectively, in a pipeline that China is building in Myanmar to transport gas from offshore blocks A-1 and A-3.
Exports push lube sales
February 19, 2010: Exports to China and Burma are expected to lift PTT's sales of lubricant products by 50% this year, says Rachadech Khemthong, a vice-president of the country's biggest oil company.
Govt may consider ONGC's plan on Myanmar pipeline project this week
February 15, 2010: New Delhi, The Cabinet may this week consider giving state-owned Oil and Natural Gas Corp and GAIL India Ltd approval to take stake in an $2-billion pipeline that China is building from Myanmar to transport natural gas found off the Myanmar coast.
Dhaka, Yangon to talk sea limits
January 6, 2010: Bangladesh and Myanmar officials will sit Friday for two-day talks on maritime boundary demarcation.
Burma and Bangladesh Sit for Maritime Dispute on Friday
January 6, 2010: Dhaka: Delegations from Burma and Bangladesh will sit on Friday in Chittagong, the second largest city of Bangladesh, to solve a maritime dispute, according to an official report.
Expired LNG deal has limited impact on China's gas supply: experts
January 5, 2010: BEIJING, China will not face a natural gas shortage despite an expired 40 billion U.S. dollar-LNG deal between its largest oil and gas producer and Woodside Petroleum, Australia's second biggest, Chinese experts said.
Deep sea oil clogs India-Bangla ties
January 6, 2010: “Political solution” to a maritime boundary dispute when Bangladesh Prime Minister Sheikh Hasina arrives in India for a visit on Sunday.
2nd round talks for offshore oil search on Jan 14
January 2, 2010: The Government will start second round talks with the US oil company ConocoPhilips from January 14 for offshore gas and oil exploration.
