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Mitsubishi to buy 40% of Myanmar fi
- Subject: Mitsubishi to buy 40% of Myanmar fi
- From: darnott@xxxxxxxxxxx
- Date: Sun, 20 Aug 2000 09:22:00
Chemical News & Intelligence
July 13, 2000
Mitsubishi to buy 40% of Myanmar field's condensate
BYLINE: Wing Gar Cheng
Japanese trading giant Mitsubishi Corp plans to buy up to 40% of the
condensate output from Yetagun natural gas development project, offshore
Myanmar, CNI learned
The gas project, which involves UK's Premier Oil plc, Malaysia's Petronas,
Nippon Mitsubishi Oil
Corp and Petroleum Authority of Thailand, is scheduled to begin full
production by August.
The gas field is expected to yield 6500 bbl/day of condensate and 200m
cubic feet/day of natural gas.
The bulk of the condensate will be sold mainly to Asian markets.