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The painful, burning sensation is caused by rising stomach acid. It moves from your stomach, where the lining is resistant to its corrosive effects, up into your esophagus, the lining of which is not similarly protected. It can climb all the way from the bottom of the esophagus all the way up into the throat.
Heart related issues for example angina, heart attacks etc are considered to be common factors causing burning sensation in chest. There are other causes that may lead to such irritation and may include physical conditions such as pulmonary embolism wherein the blood vessels in the lung get blocked.