23/06/2008 19:56. SEOUL, Jun 23, 2008 (Asia Pulse Data Source via COMTEX) -- DWOIF | Quote | Chart | News | PowerRating -- Daewoo International Corp., a South Korean trading company, said Monday it has clinched a preliminary deal with a Chinese state-run company to sell natural gas to be produced at its offshore gas fields in Myanmar.

The deal defines the terms of production, transportation and sale of natural gas to be produced in the A-1 and A-3 gas blocks off the coast of the Southeast Asian country, Daewoo International said in a regulatory filing.

Under the deal, the price of the natural gas to be sold to China will move in step with international oil prices every three months, with a Daewoo International-led consortium participating in the transportation of the natural gas, according to the... // Trading Markets