Shell Seals Dawei LNG Development, Supply Deal

Dutch Energy giant Shell has signed an agreement with Italian-Thai Development Pcl (ITD) and Thailand-based energy firm LNG Plus International Co Ltd (LNGP) to cooperate on the development of a proposed liquefied natural gas (LNG) receiving and regasification terminal in the Dawei Special Economic Zone (DSEZ).

Under the agreement, Shell will provide technical expertise on the development of the LNG terminal, the company said in a statement. It will also have access to terminal capacity and supply LNG to DSEZ customers.

The $500-million LNG terminal is part of a $1.7-billion deal to develop the first phase of the long-delayed Dawei project, which includes a $500-million, 450-megawatt gas-fired power plant, ITD president Premchai Karnasuta told a news conference earlier.

Roger Bounds, vice president global LNG at Shell, said in a statement: “We are very pleased with this agreement. We believe that this opportunity will enable shell, together with its partners, to bring its global expertise in LNG to Myanmar to help meet the country’s energy aspirations.”

Shell said it “looks forward to supporting the development of the Dawei terminal and supplying LNG to the DSEZ as well as other potential areas” in Myanmar, adding that the supply of natural gas, the cleanest fossil fuel, can help meet the country’s growing energy demands.

Source: Myanmar Business Today

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