China-Myanmar gas pipeline targets energy security and cooperation (2)

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WIN-WIN COOPERATION

The Myanmar-China Oil and Gas Pipeline project was co-funded by six companies from China, Myanmar, the Republic of Korea and India, which will all benefit from the pipeline's operations.

Liu Yijun, an expert with China University of Petroleum in Beijing, said that the project's cooperation model preserves the stability of pipeline operations.

The pipeline has also paved the way for China to establish energy collaborations with Southeast Asian nations in major energy projects, Liu added.

According to the CNPC, the project provides Myanmar with 2 million tonnes of crude oil and 2 billion cubic meters of natural gas annually, increasing resource supplies to Myanmar's local citizens.

Meanwhile, the project will bring Myanmar direct benefits in the areas of taxation, investment bonuses, transit fees, training and capital for social aid, as well as numerous job opportunities.

The CNPC and its two joint ventures have injected about 20 million U.S. dollars into Myanmar to improve education, medical care and power infrastructure.

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