China-Myanmar Pipeline to Financially Benefit Myanmar

The Myanmar-China gas pipeline will provide financial benefits to both countries, according to officials of China National Petroleum Corporation (CNPC). China will pay Myanmar $22 million annually for the use of pipeline as transit fee.

“The project is expected to deliver 22 million tons of crude oil and 12 billion cubic metres of natural gas each year. We are constructing five process stations and a harbour which can deliver 300,000 tons of crude oil annually. Initially we will deliver 5.2 billion cubic metres of natural gas per year and construct six process stations. We will give 2 million tons of crude oil and 2 billion cubic metres of natural gas to Myanmar every year,” said Zhang, deputy director of the South East Asia Oil Pipeline and South East Asia Gas Pipeline, Asia News Network reported. 

The twin pipeline will be put to a test in July and the construction of pipeline will be expected to complete in September.