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19 foreign firms bid for Burmese LPG venture

LPG cylinders (PHOTO: wikicommons)

Nineteen international firms 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 Ministry of Energy has announced.

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

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.

Among the bidders are: Thai national oil and gas producer PTT; 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 tons per annum.