China lends 2.4m to Burma
December 12th, 2010 by Garry Robertson
Just recently China has signed an agreement to lend Burma 2.4 billion dollars to help finance the building of a gas pipeline to transfer natural gas between the two countries.
This loan was between the China Development Bank and the Burma Investment Bank at the end of November.
The natural gas pipeline will run from the state of Rakhine along the Burmese coast all the way to the province of Yunnan in southern China.
Jin Honggen, the economic and commercial counselor based at the Chinese embassy in Rangoon stated that this loan will be mainly for the pipe project that involves several countries such as India, Korea, China and Burma holding around 7% shares in the project.
He continued to add that the loan will accelerate the building of the pipeline. In addition to this loan for the Burma-China gas scheme, India is also due to help Burma build a port to help with the transfer of offshore gas reserves.
Burma, currently ruled by a military regime at present exports over 1 billion of cubic feet of gas per day from two of its offshore rigs in the gulf of Marthaban. These go to the country of Thailand that neighbours with Thailand.
http://news.carrentals.co.uk/china-lends-2-4m-to-burma-34228278.html
December 12th, 2010 by Garry Robertson
Just recently China has signed an agreement to lend Burma 2.4 billion dollars to help finance the building of a gas pipeline to transfer natural gas between the two countries.
This loan was between the China Development Bank and the Burma Investment Bank at the end of November.
The natural gas pipeline will run from the state of Rakhine along the Burmese coast all the way to the province of Yunnan in southern China.
Jin Honggen, the economic and commercial counselor based at the Chinese embassy in Rangoon stated that this loan will be mainly for the pipe project that involves several countries such as India, Korea, China and Burma holding around 7% shares in the project.
He continued to add that the loan will accelerate the building of the pipeline. In addition to this loan for the Burma-China gas scheme, India is also due to help Burma build a port to help with the transfer of offshore gas reserves.
Burma, currently ruled by a military regime at present exports over 1 billion of cubic feet of gas per day from two of its offshore rigs in the gulf of Marthaban. These go to the country of Thailand that neighbours with Thailand.
http://news.carrentals.co.uk/china-lends-2-4m-to-burma-34228278.html
0 comments:
Post a Comment