CNPC unit eyes new gas sources

CNPC Southeast Asia Pipeline Co Ltd, a subsidiary of China National Petroleum Corp, the country's biggest oil producer, is actively looking for new gas sources to ensure sufficient natural gas supply for the China-Myanmar gas pipeline.

The gas pipeline, a pioneering project of China's Belt and Road Initiative, has been transporting natural gas from Daewoo International Group Corp's offshore blocks A-1 and A-3 in Myanmar since July 2013 under a 30-year operating agreement, said Chen Xiangqiu, vice-president of the gas pipeline project.

Though there is still a long time until the expiry of the gas purchase agreement, the company has been conducting new gas field explorations at new deposits, including following up the progress of the new gas fields developed by Daewoo, Chinnery Asset Ltd of CNPC and other developers, and tracking the process of the Myanmar liquefied natural gas import and re-gasification plan, to ensure the transmitting volume of the gas pipeline, he said.