Heading for Myanmar

POSCO Chairman Chung Joon-yang, sixth from right in front row, poses with Lee Dong-hee, fourth from right in front row, vice chairman of Daewoo International, POSCO’s trading arm, and other dignitaries during a ceremony to mark the departure of a gas production platform’s topside for Myanmar, at Hyundai Heavy Industries’ shipyard in Ulsan, Tuesday. The facility will be used by Daewoo International to produce natural gas from offshore fields of the Southeast Asian nation. The firm expects to produce gas from mid-2013 and earn up to 400 billion won annually for 25 years by exporting all of its gas output to China through a pipeline. / Courtesy of Daewoo International