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Burma's state energy firm has signed a deal with South Korea

 
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Hope



Joined: 22 Nov 2003

PostPosted: Tue Dec 30, 2008 6:17 am    Post subject: Burma's state energy firm has signed a deal with South Korea Reply with quote

Firms to pipe Burma gas to China

Burma's energy-poor neighbours are keen to buy its gas and oil reserves
Burma's military government has signed a deal with a consortium of four foreign firms to pipe natural gas into neighbouring China, state media report.

The firms - from South Korea and India - will pipe the gas from fields off Burma's north-western coast.

The deal was signed in a ceremony in Rangoon on 24 December, the New Light of Myanmar state newspaper reported.

Campaigners complain that the deals will threaten local people's human rights and enrich Burma's ruling junta.

The US and Europe maintain economic sanctions against Burma - also known as Myanmar - for its human rights record and long detention of democracy leader Aung San Suu Kyi.

But their impact has been diluted by energy investments from nearby countries, including China, India and Thailand, all hungry for its reserves of oil and gas.

30-year deal

Now Burma's state energy firm has signed a deal with South Korea's Daewoo and Korea Gas Corporation, and India's ONGC Videsh and GAIL. Daewoo holds the leading 51% stake in the deal.

The deal will see gas from Shwe reserves in waters off the Burmese state of Rakhine piped to China to supply China's National United Oil Corporation. China's Xinhua state news agency says it is a 30-year deal.


As well as Burmese ministers, the signing ceremony was attended by executives from both Korean firms, ONGC Videsh and the Chinese corporation, the New Light of Myanmar newspaper reported.

It gave few further details of the deal, but earlier reports from Beijing suggest construction will start in the new year.

Last week the campaign group EarthRights International reported that the Korean government had rejected a complaint it filed on behalf of Burmese and Korean activists.

The complaint alleged that the Korean firms involved in this deal had breached corporate responsibility guidelines on human rights and environmental protection laid down by the Paris-based Organisation for Economic Co-operation and Development (OECD).

The companies involved, and the Korean government, were "now on notice that negative social and environmental impacts from this project have begun, and are likely to continue and accelerate if this project moves forward", Matthew Smith at EarthRights International was quoted as saying.
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Tue Dec 30, 2008 9:07 pm    Post subject: Reply with quote

I hope Korea and India are not supporting for Burma's military junta government to get richer. We all already know it's an accurate guess that buying their fuel will not benefit common Burmese people, but only fuel the corrupt government imposing hate, fear, and oppression on it's people. It really is a sick leadership regime. This is a government that shoots to kill it's own citizens in the streets when they ask for freedom and democracy. By financing this government, they just buy more weapons, fuel, and resources to oppress their own people as illogical as that is. That is why they say to not stay in fancy hotels and play golf if touring Myanmar nor say negative politically charged statements even though most Burmese would agree with you on what we would commonly think about their situation.

Watch a documentary called, "Inside Burma," to learn more about the situation. I found it on Mininova.org.
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