Myanmar to sell gas to India
The negotiations are on between the two countries to sign the final deal.india Updated: May 13, 2006 15:08 IST
Myanmar on Saturday said it will sell gas from offshore A-1 field to India through a land route bypassing Bangladesh.
India's ONGC Videsh Ltd and GAIL together hold 30 per cent stake in A-1 field operated by Daewoo of South Korea. Myanmar had been in discussion with both India and China to sell gas from A-1 field and potential volumes from the adjacent A-3 block.
"Surely, We will sell gas to India," Embassy of the Union of Myanmar Ambassador HEU Kyi Thein said while replying to a query from an OVL official who suggested that gas should be exported to India for increasing bilateral trade.
Thein said Myanmar has enough gas to sell it to both China and India.
"Enough gas is there. We would sell it to both India and China," Thein said, and added that an MoU had already been signed with China and India.
The negotiations were on with both the countries to sign the final agreement.
"We are still in negotiation stage and have not finalised with both India and China," Thein said at a CII conference.
The gas would come to India through a land route by linking Kaladan River to Mizoram, he said.