The China-Myanmar gas pipeline, owned by China National Petroleum Corp (CNPC), imported 1.87 billion m3 of gas in its first year of operations.
The pipeline is part of an ambitious US$ 2.5 billion oil and gas project between the two countries. It stretches over 2400 km from the Shwe fields in the Indian Ocean, through Myanmar to the city of Kunming, China. The pipeline should be able to transport around 12 billion m3/y of gas once it reaches full capacity. According to CNPC, a parallel oil pipeline, which is due to come online later this year, will carry up to 440 000 bbls/d of oil.
CNPC and CUPET sign cooperation agreements
In other news, on 22 July in Havana, Cuba, CNPC Vice President Wang Dongjin and General Director of CUPET Juan Torres Naranjo, in the presence of Chinese President Xi Jinping and Cuban President Raul Castro, signed a framework agreement on increasing crude output and production sharing, and a cooperation agreement on drilling services.
Under the agreements, CNPC will help CUPET to lower operation cost of some existing oilfields and enhance the crude production and recovery, and meanwhile provide 9000 m drilling rigs and supporting services to facilitate the exploration and development of Cuba's offshore oilfields.
Edited from various sources by Rosalie Starling
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