• 3 minutes This Battery Uses Up CO2 to Create Energy
  • 5 minutes Shale Oil Fiasco
  • 9 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 12 minutes Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 8 hours Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 14 hours Governments that wasted massive windfalls
  • 12 hours Let’s take a Historical walk around the Rig
  • 15 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 1 day Trump has changed into a World Leader
  • 14 hours Here is Why People Lose Money Trading Natural Gas
  • 1 day Beijing Must Face Reality That Taiwan is Independent
  • 49 mins Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 12 hours US Shale: Technology
  • 16 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 22 hours Trump capitulated
  • 2 days Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)
How Low Will The Coronavirus Send Oil Prices?

How Low Will The Coronavirus Send Oil Prices?

In today’s oil market it…

Predicting The Bounce In Crude Oil

Predicting The Bounce In Crude Oil

Crude prices have fallen significantly…

Burmese Activists Seek Suspension of Chinese Natgas Pipeline Project

Burmese Activists Seek Suspension of Chinese Natgas Pipeline Project

Following newly elected Burmese President Thein Sein’s decision to halt the Myitsone dam hydroelectric project on the Irrawaddy River, Burmese activists now want him to shelve the $1.5 billion Shwe natural gas and oil pipeline project.

The Shwe Gas Movement activists want a cessation to work on the Shwe natural gas pipeline, which is backed by China.

The Shwe natural gas and oil pipelines, with a completion date of 2013, will transit Burmese crude oil and natural gas from Burma’s Arakanese coast to China's Yunnan province. The dual 620 mile-long oil and gas pipelines will pass through more than 20 Burmese townships.

The natural gas will be produced from Burma’s offshore Shwe gas fields in the Bay of Bengal, with oil to be offloaded from Middle Eastern and African tankers in Arakan port, which will then be pumped to a Chinese refinery in Kunming, the capital city of Yunnan, Dhaka-based Arakanese democratic activist Narinjara website reported.

The pipelines are projected to supply around 12 million metric tons of crude and 12 million cubic meters of gas annually to China. The project is a joint venture of Beijing-owned China National Petroleum Corporation and Burmese regime owned Myanmar Oil and Gas Enterprise, and if completed, is expected to produce about $1 billion in foreign-exchange annually to the Burmese government for the next three decades.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play