Aug 6, 2015

19 foreign firms bid for Myanmar LPG venture

Nineteen international firms including PTT Plc have responded to the invitation of Myanmar Petroleum Enterprise (MPE) to bid for joint ventures at a new liquid petroleum gas (LPG) factory in Thanlyin, the Energy Ministry has announced.

Proposals will include construction, production and distribution contracts at the port, which is situated just 10 kilometres southeast of Yangon.

Five bids were submitted by Japanese companies, four from Thai firms, three from South Korea and Singapore and one each from energy companies in Malaysia, China, India and Indonesia, the Democratic Voice of Burma reported on Thursday.

Among the bidders are PTT Plc, Korean motor and electronics conglomerate Dae Woo, Singapore-based Puma Energy Group and Japan’s Marubeni Corporation, all of whom have existing interests in Burma.

MPE currently has three LPG processing factories across the country at Minbu and Kyunchaung in Magwe Division and at Nyaungdon in the Irrawaddy delta. National production of LPG currently stands at 72.85 billion tonnes per annum.

Source: Bangkok Post

 
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