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OVL may join Chinese gas pipeline from Myanmar
(Gaschina.com.cn)
Updated: 2009-07-25 15:47
ONGC Videsh Ltd, India's overseas arm of Oil and Natural Gas Corp (ONGC), may pick up a stake in the USD 1.95 billion gas pipeline that China is building for ferrying natural gas found off the Myanmar coast. China National Petroleum Corp (CNPC) is laying a 870-km pipeline in Myanmar to transport gas found in blocks A-1 and A-3 to mainland China. Sources said, CNPC has offered 49.9 per cent stake to the consortium developing gas fields in blocks A-1 and A-3. South Korea's Daewoo Corp holds 60 per cent stake each in block A-1 and A-3 while OVL has 20 per cent interest. GAIL and Korea Gas Corp have 10 per cent each ...
The full text is available in the August Issue ofChina Gas. Please visitE-shop（http://eshop.chinadaily.com.cn/）for more subscription details. (For more biz stories, please visit Industries)
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