Twenty-two companies interested in Nyaungdone LPG joint venture

Some 22 domestic and foreign companies have shown interest in forming a joint venture for Nyaungdone Liquefied Petroleum Gas plant, according to the Ministry of Energy.

The plant, to locate near Yoegyi village, Nyaungdone Township, Ayeyarwady Region, is expected to produce 30 tons of LPG per day.

Last April, the ministry invited companies to submit their expression of interest in carrying out production, storage, distribution and sale of LPG on the joint venture basis.

Foreign companies interested in the project include Mitsui, JGC, and Sojitz from Japan; PTT from Thailand; NK from South Korea; PUMA Energy (Singapore); Langfan CNPC Huaya Petrochemical Engineering, Shanghai Sino-Myanmar Investment Management, GDZR, China Huanqui Contracting and Engineering from China; and other companies from the US, Spain, UAE and Indonesia.

Myanmar companies in the race are Sein Kaung Gem Trading and Parami Energy Services.

The ministry’s Myanmar Petrochemical Enterprise operates three LPG plants in Minbu, Kyau Chaung and Nyaungdone.

Minbu LPG Extraction Plant, established by Hitachi Zosen of Japan, started its operations in 1986.

Kyun Chaung Plant, formed with CMC Dong Fang International of China, opened in 2010.

Nyaungdone Plan, also formed with CMC Dong Fang International, started in 2005.

In a related development, the ministry has invited bidders for Thanlyin refinery and for the distribution of aircraft fuel.


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