The ‘Shwe' (meaning ‘golden' in Burmese) projects entail exploitation of underwater natural gas deposits off the coast of western Burma's Arakan State and dual oil and gas pipelines that will transport this gas along with oil imports from Africa and the Middle East, to southwest China.

The Shwe Gas Project: A consortium of four Indian and South Korean companies led by Korea's Daewoo International are teaming up to exploit natural gas from blocks A-1 and A-3 in the Bay of Bengal. The project will be comprised of an offshore production platform, an underwater pipeline and an onshore gas terminal in Kyauk Phyu Township on the Arakan coast which will cost an estimated US$ 3.73 billion to develop. The consortium expects to extract 500 million cubic feet of natural gas per day.