China signs Myanmar pipeline deal to boost oil supply - The Hindu

China and Myanmar on Thursday signed a deal to begin construction on an oil and gas pipeline linking the two countries, and also reached an agreement to maintain stability along the border areas following tensions last year.

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The oil and gas pipeline will give China much-needed access to an Indian Ocean oil port in Myanmar, part of Beijing’s larger plan to secure alternate energy routes to reduce its heavy dependence on the narrow Malacca Straits for most of its oil supplies. In October, the State-run China National Petroleum Corporation (CNPC) signed a deal to build a crude oil part in Myanmar. Reports said Thursday’s deal gave the green light for the two countries to begin work on the pipeline project, though the Chinese government released little information on the specific nature of the new agreement.

Full Story: China signs Myanmar pipeline deal to boost oil supply - The Hindu