Myanmar elections will ‘not loosen military’s grip on business’

The outcome of Myanmar’s forthcoming national elections will do nothing to reduce the military’s business control over natural resources, but the return of a USDP-led government should ensure a continuing pro-business outlook from Nay Pyi Taw, a study said. The opposition National League for Democracy (NLD) is expected to do well in the November elections, […]

Oil and gas stumbles with price drop

Some offshore exploration activities have been delayed and natural gas exports are generating lower income. Benchmark West Texas Intermediate crude for October delivery traded for US$44.02 yesterday on global markets, vastly different from a year ago, when crude was above $100 a barrel. Faced with dropping prices without a commensurate drop in costs, many energy […]

‘Romantic North’ reserves vital to domestic energy supply

Oil consumption in Myanmar is likely to double by 2025, meaning that new discoveries are essential to meet energy demand for the future without relying too heavily on imports. But some fear the dream of finding large proven reserves may not be realised. The likelihood of finding commercially viable reserves in recently awarded onshore and […]

Myanmar considers LNG to meet growing energy demand

Energy demand in Myanmar is rising fast. The country is abundantly rich in natural energy resources, but the investment of capital and technology will not be able to unlock these resources in time to fulfill the growing need for power. In the meantime, the Ministry of Energy is considering its options for imported fuel to […]

Oil Pipeline Through Myanmar to China Expected to Open in January

BEIJING / YANGON — A crude oil pipeline and a deep sea port meant to secure an alternative route for Chinese imports overland through Myanmar are set to open at the end of January, but an affiliated refinery in China is months away from completion, sources said. The finished development should help ease China’s reliance […]

Kyaukphyu SEZ: Economic Reality or Pipedream?

The development of a special economic zone (SEZ) around Kyaukphyu in Myanmar’s Rakhine State could move closer to reality before the end of the year with the naming of tender winners for the development of factories, new housing and infrastructure. Twelve foreign and domestic firms have been shortlisted by the SEZ development committee, which failed […]

Gas pains for China and Myanmar

Since the Sino-Myanmar natural gas pipeline commenced fuel deliveries in late July 2013, the 793-kilometer energy transportation route has operated well below its total capacity. The underutilization has resulted in an estimated annualized loss of 1.7 billion yuan (US$280 million) and raised pressing questions about the China National Petroleum Corporation (CNPC)-led joint venture’s future commercial […]

Singapore-Led Consortium CPG Wins Kyaukphyu SEZ Consulting Tender

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. YANGON — The Myanmar government has chosen a group of companies led by Singapore’s CPG Corporation to do consultancy work for the massive Kyaukphyu Special Economic Zone project. During a press conference Monday, a consortium of five companies […]

China Cutbacks Put Burma Oil Terminal, Pipeline in Doubt

The future of China’s multi-billion dollar investment in an oil terminal and transshipment pipeline in Burma may be in doubt, after a major processing refinery project in China was delayed. The controversial refinery in the Yunnan Province capital of Kunming, which sparked angry street protests last year over pollution worries, will not now be built […]

Myanmar Won’t Export New Gas Finds Until Domestic Needs Met, Says Official

New discoveries of natural gas or oil will not be exported until Myanmar’s own domestic demand is satisfied, a senior planner in the Ministry of Energy has disclosed. Confirmation of the decision comes as the ministry is set to name this month the winners of a major international auction for 30 offshore exploration licenses in […]