Myanmar-China
Myanmar junta is selling Rakhine's natural gas to China: Reports
Naypyidaw: Myanmar's military junta has been selling Rakhine’s natural gas to China and it has sold over USD 1.43 billion worth of it in 2022, media reports said.
Vast oil and gas profits continue flowing to and propping up Myanmar’s military junta since its bloody crackdown on nationwide resistance to the February 2021 coup, opposition and rights groups say, ANI reported quoting Burma News International (BNI).
Even though Rakhine's natural resources are exported to China for billions every year by successive Myanmar governments, Rakhine state is the second poorest state in Myanmar and has one of the highest unemployment rates, reported BNI.
The Junta exported and sold billions worth of natural gas from Rakhine to China in 2022.
BETV Business News cited a statement from a Chinese customs department about the gas produced by the Shwe natural gas project in Rakhine offshore and sold to China through the Myanmar-China natural gas pipeline.
The Myanmar-China natural gas pipeline is under the responsibility of South-East Asia Gas Pipeline Company Limited (SEAGP), while the crude oil pipeline is being managed by South-East Asia Crude Oil Pipeline Company (SEAOP).
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
