IRNA reports that India, China, South Korea and Thailand are competing to secure a share of the huge gas reserves found in offshore Myanmar."While India, China and Thailand have proposed to lay pipelines to their respective countries for transporting gas from the Shwe gas field in Bay of Bengal, South Korea has proposed to liquefy it and transport it in form of liquefied natural gas (LNG), PTI reported, quoting industry sources."
Sources said the Indian offer was better than the Chinese price offer as the length of pipeline was shorter.
To transport gas to the Indian border, a pipeline of just 250-km length would need to be laid in Myanmar, while to do the same to China would require a 1,000-km line and Thailand 1,100-km.
