POSCO Daewoo to develop gas fields in Myanmar

POSCO Daewoo CEO Kim Young-sang, center, signs a contract with Lorenzo Simonelli, left, chairman of Baker Hughes, a GE company, and McDermott CEO David Dickson during a ceremony in Washington, D.C., Thursday (Korea Standard Time). POSCO Daewoo said the contract is an engineering, procurement, construction, installation and commissioning (EPCIC) deal on the phase two development of Shwe and Shwe Phyu gas fields in Myanmar. / Courtesy of POSCO Daewoo