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Daewoo Discusses Natural Gas Discovery With Burma - 2004-01-17


The chairman of South Korea's Daewoo International Corporation, Lee Tae-Yong, has visited Rangoon to discuss the recent discovery of what appears to be a major natural-gas field off Burma's western coast.

The New Light of Myanmar newspaper says Mr. Lee met Prime Minister Khin Nyunt, Energy Minister Brigadier-General Lun Thi and other top officials Friday.

Mr. Lee says the find off the coast of Rakhine State is world class, and he estimates the field might yield 14-trillion cubic feet of gas. Daewoo International will apply for permits, he says, to explore and exploit other possible oil and gas deposits off Burma.

Information for this report is provided by AFP.

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