Korea's Hyundai Heavy Industries on Monday said it won a US$1.4 billion construction contract for a gas pipeline in Burma.

The company has been chosen to build a pipeline that will transport gas produced in the fields to China starting in May 2013. Around 11,000 tons of gas are expected to be produced per day over the next 25 to 30 years.

The Burmese gas deposits are the Shwe, Shwe Phyu and Mya fields in Blocks A-1 and A-3 where at least 90 million tons of gas reserves are believed to be buried.

Korea's Ministry of Knowledge Economy says development projects are set to start with Korea's Daewoo International and Korea Gas Corporation taking part in the operation.

Two Indian state-run corporations are also part of the consortium, with Burma's national Myanma Oil & Gas Enterprise expected to jump in as well, which is projected to decrease Daewoo International's stake in the project from the current 60 percent to 51 percent as Myanma Oil & Gas has the right to up to 15 percent of the total share.

The official signing of Hyundai's contract is to take place in December, and the company plans to finish building the facilities by March 2013.