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Natural Gas Discovered Off the Coast of Burma


The New Light of Myanmar newspaper reports today that Burma and Thailand's state oil firm PTT Exploration and Production have found an estimated 71 billion cubic meters of natural gas in an area called block M 9.

With the new discovery the block is believed to contain some 227 billion cubic meters of natural gas. The report says Burma plans to have six more wells drilled there next year.

Thailand already has been buying natural gas from Burma's Yetagun and Yadana gas fields in the Gulf of Martaban.

Burma's military government is under EU and US economic sanctions for its human rights abuses, making oil and gas revenues an important source of income.

Despite international condemnation of Burma's slow democratic reform, energy-hungry nations are competing to take advantage of its natural resources.

Information for this report is provided by AP and AFP

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