Agreement on exporting Natural Gas to China, Korea and India signed
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An agreement on exporting natural gas exploiting from A-1 and A-3 lots to China, Korea and India was signed with Myanmar on December 24. Gas discovered from Gold, Platinum and Silver Gas Deposits at A-1 andA-3 lots in the off shore of Rakhine will export in pipeline to China in the agreement. 60% of natural deposits share was owned by Daewoo, 20 % by Vidak Co., from India, 10 % by Gate Co. and 10% by Gay and Korea respectively. Myanmar could have fetched U$ 2 billion during 2006-2007 financial year.
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