LNG Journal editor
The Southeast Asian nation of Myanmar is making progress in constructing a liquefied natural gas import terminal to support a regional power plant project backed by a Chinese company.
The LNG facility will be built for the power generation project at Mee Laung Gyaing in the Ayeyarwady Region.
Zhefu Holding Group of China and the Myanmar company, Supreme Trading Co., plan to invest US$2.57 billion to build the power plants and the terminal.
The project will include berths for LNG carriers to dock in the Mee Laung Gyaing area, which is 40 miles to the north of Chaung Tha beach resort.
Supreme Trading said the LNG-to-power project would be transferred back to the government under a 30-year build, operate and transfer system.
The project will guarantee maximum power supplies for regional industrial zones, hotels and the city of Yangon, formerly known as Rangoon.
The Mee Laung Gyaing project is one of three LNG import projects being studied by the Government. It has pledged to make Myanmar a key regional LNG importer to help meet the growing energy demands.
The other two projects will be located at Kanbauk in the Tanintharyi region of southwest Myanmar and at Ahlone near Yangon.
Supreme Trading said its project was expected to take four years to complete.
It will be start with a 500-megawatt plant by the end of 2022 and 900MW od capacity a year or two later.
A power purchasing agreement is also being finalized by Supreme Trading and is expected to be concluded in the first quarter of 2020.