The SHWE Gas Movement is concerned with a natural gas pipeline project presently unfolding in Western Burma. In cooperation with Burma's military junta, a consortium of Indian and
Korean corporations are currently exploring gas fields off the coast of
Arakan State in Western Burma. Discovered in December 2003, these
fields--labeled A-1, or "Shwe" (the Burmese word for gold)--are
expected to hold one of the largest gas yields in Southeast Asia. These
Shwe fields are destined to become the Burmese military government's
largest single source of foreign income. read more...
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Herald News Services,
Tuesday, August 28, 2007: Endowed with vast energy resources, military
ruled Myanmar wants to be a major supplier of oil and gas to its
neighbours, a government official said Monday.
"Our dream is Myanmar would eventually become a major energy
supplier in this region," Soe Myint, director general with the
country's energy planning department, said at a seminar jointly
organized by the Institute of Southeast Asian Studies and Institute of
South Asian Studies.
"We hope to become a sort of bridge between Southeast Asia and South Asia," he said.
Figures given by Soe Myint said the impoverished country has proven
crude oil reserves of more than 508 million barrels in onshore areas
and 100.8 million barrels offshore.
For natural gas, the country has almost 15.85 trillion cubic feet of
reserves offshore and more than 768 billion cubic feet onshore, he
said. The search for energy supplies is to intensify next year, he
added.
"Next year in 2008, we will have a very busy drilling program for both onshore as well as offshore," he said.
"With all these drilling programs both onshore and offshore, we are
quite confident that we may have some more discovery in the year 2008
or early 2009."
Soe Myint said 16 foreign companies including Russian, Chinese and
South Korean energy firms have signed contracts to drill for energy
supplies offshore.
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