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Natural Gas Reserve Discovered in Burma


A South Korean company says it has confirmed the discovery of a large deposit of natural gas in Burma.

The company, Daewoo, announced that the gas field holds around three trillion cubic feet of reserves.

Daewoo has rights to 60% of the gas reserves. The company said it will invest 120 million dollars in developing the field in the next 10 months.

The gas field is located offshore in northwest Burma near Shwe.

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