S. Korea-Myanmar energy, natural resources meeting launched in Myanmar new capital
YANGON, Sept. 26 (Xinhua) — The 6th Energy and Natural Resources Joint Implementation Committee Meeting between South Korea and Myanmar has been launched in Myanmar’s new capital of Nay Phi Taw Tuesday, official media reported Wednesday.
Deputy Minister of Ministry of Energy U Htin Aung and Deputy Minister of the Ministry of Knowledge Economy of South Korea Moon Jaedo attended the meeting and delivered addresses, the New Light of Myanmar reported.
Officials from Myanmar and South Korea discussed joint-venture in Shwe Natural Gas Project, worksite proficiency training course for staff and cooperation on technical development in oil and gas tasks, cooperation on exploring natural resources, mines refinery and construction of natural gas-fired hydropower plant.
According to official statistics, South Korea has injected a total of 2.959 billion dollars as of July 2012 since 1988, standing the 4th in Myanmar’s foreign investors’ line-up.
Meanwhile, foreign investment in Myanmar’s oil and gas sector had reached 14.181 billion U.S. dollars in 113 projects as of the end of July, 2011, accounting for 34.52 percent and standing the second in the country’s foreign investment sectorally after electric power.
Myanmar is also striving to produce electricity from natural gas, diesel, coal fire, solar power, wind power, biogas and waste fuel in addition to hydropower.