HIGH INTEREST IN LPG JOINT-VENTURE

Some 22 domestic and foreign companies have shown interest in forming a joint venture for Nyaungdone Liquefied Petroleum Gas plant, according to the Ministry of Energy. The plant, to locate near Yoegyi village, Nyaungdone Township, Ayeyarwady Region, is expected to produce 30 tons of LPG per day. 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 SeinKaung Gem Trading and Parami Energy Services.The ministry’s Myanmar Petrochemical Enterprise operates three LPG plants in Minbu, KyauChaung and Nyaungdone.