Posco Int’l shares, bottom-line expect benefit from new gas field discovery

Shares and the bottom line of Posco International Corp., general trading and business development unit of South Korean steel giant Posco, are expected to get a big boost from a new gas field recently discovered off the western coast of Myanmar projected to turn out 500 billion won ($411.4 million) worth gas. A drilling test […]

Posco Daewoo to invest $94.2 mn for gas well development in Myanmar

Posco Daewoo Corp., the energy development unit of South Korean steelmaker Posco, will develop new subsea wells for stable gas production near its offshore production base in the A-3 block in Myanmar with an investment of $94.2 million. Drilling of three new wells will start in the first quarter of 2020, the company announced Monday. […]

Myanmar Gas Exports to Slow as Pipeline Closes for Work

YANGON — The Thai government is reportedly taking measures to avoid a shortage of energy after Myanmar announced a half-month stoppage of the Yetagun natural gas project. An official at the Burmese Ministry of Energy told The Irrawaddy that the pipeline, which takes gas from the Yetagon offshore gas field in the Andaman Sea to […]