Jul 29, 2014

Companies lining up for LPG joint venture

Twenty-two domestic and foreign companies have expressed interest in forming a joint venture for the Nyaungdone Liquefied Petroleum Gas plant, according to the Ministry of Energy.

The plant, to be located near Yoegyi village, in Ayeyawady Region’s Nyaungdone Township is expected to produce 30 tonnes of liquefied petroleum gas (LPG) per day.

Last April, the ministry invited companies to submit expressions of interest for production, storage, distribution and sale of LPG on a joint venture basis.

Foreign companies interested in the project include Mitsui, JGC, and Sojitz from Japan; PTT from Thailand; NK from South Korea; PUMA Energy (Singapore); Langfan CNPC Huaya Petrochemical Engineering, Shanghai Sino-Myanmar Investment Management, GDZR, China Huanqui Contracting and Engineering from China; and other companies from the US, Spain, UAE and Indonesia.

Myanmar companies in the race are Sein Kaung Gem Trading and Parami Energy Services.

The ministry’s Myanmar Petrochemical Enterprise operates three LPG plants in Minbu, Kyau Chaung and Nyaungdone townships.

Minbu LPG Extraction Plant, established by Hitachi Zosen of Japan, started its operations in 1986.

Kyun Chaung Plant, formed with CMC Dong Fang International of China, opened in 2010.

Nyaungdone Plant, also formed with CMC Dong Fang International, started in 2005.

In a related development, the ministry has invited bidders for the Thalyin refinery and distribution of jet fuel.

Source: Eleven Weekly Media