The Magwe-Shwe Taung gas pipeline will be upgraded thanks to a loan from the South Korean government, says U Kyaw Nyan Tun, deputy managing director of Myanma Oil and Gas Enterprise.
“The project is one that was discussed by South Korean President Moon Jae-in during his visit to Myanmar last September. Under the project, the pipeline will be upgraded to distribute gas to the power plant in Shwe Taung. The work is expected to begin quickly as this is a government-to-government deal,” U Kyaw Nyan Tun said.
The Assembly of the Union has given its approval for a US$ 131 million loan from Korean Eximbank for the project. The loan will be for 40 years at a rate of 0.01 percent.
The original Magwe-Shwe Taung gas pipeline, measuring 191 kilometres, was constructed in 1980, using 14 inch diameter pipe. The project will see the pipeline upgraded with 20-inch steel pipe and lengthened 228 kilometres. Work is expected to begin in the current fiscal year and is slated for completion in 2023.
“The new pipeline will be stronger and safer and will be able to transport more gas,” U Kyaw Nyan Tun said.
The pipeline will be used to send gas to the natural gas-fired power station in SHwe Taung, Bago Region. The power plant currently uses gas sent via Yangon from the Yadana natural gas project. It is expected that the improved pipeline will raise the capacity of the 55.35 Megawatt Shwe Taung turbine plant to 70MW.-Translated
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