The Shwe natural gas project comprises the Shwe, Shwe Phyu and Mya offshore gas fields located in Blocks A-1 and A-3 of the Bay of Bengal, Myanmar. The project is backed by Myanmar, China and India. It is being developed by a consortium of six companies led by POSCO subsidiary Daewoo International, which is also the operator of the project.
Key players involved in the project are Daewoo International, Myanmar Oil and Gas Enterprise (MOGE), Oil and Natural Gas Corporation (ONGC) Videsh, Gas Authority of India (GAIL), Korean Gas Corporation (KOGAS), and China National Petroleum Corporation (CNPC).
First gas from the Shwe project was achieved in July 2013 from the Mya field and commercial production started in August. The project is expected to be fully operational by mid 2014 and will produce around 500 million cubic feet of gas a day. The gas will be sold to China National United Oil Corporation (CNUOC) for 25 to 30 years.
