• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 7 minutes Middle East on brink: Oil tankers attacked off Oman
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 29 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 3 hours Coal Boom in Asia is Real and a Long Trend
  • 38 mins Hydrogen FTW... Some Day
  • 45 mins China's President Xi To Visit North Korea This Week
  • 4 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 3 hours Forbes: Giant Floating Solar Farms Could Extract CO2 From Seawater, Producing Methanol Fuel.
  • 15 hours Greenpeace claims one oil rig is "pushing the world closer to a climate catastrophe"
  • 7 hours Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 7 hours Fareed Zakaria: Canary in the Coal Mine (U.S. Dollar Hegemony)
  • 9 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 5 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 4 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 19 hours Britain makes it almost 12 days with NO COAL
  • 15 mins Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
The Truth Behind The Torpedoed Tankers

The Truth Behind The Torpedoed Tankers

The media, and indeed the…

Tanker Strikes Spell Doomsday Scenario For OPEC

Tanker Strikes Spell Doomsday Scenario For OPEC

Today’s oil tanker attacks in…

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