Can Myanmar’s Natural Gas riches reel in serious investment?

After five decades of oil and gas exploration stagnation and mismanagement of natural resources under military rule, Myanmar (formerly Burma) in March elected its first non-military president since the 1962 coup, and if it all plays out right, it could open the floodgates for investment in this strategically vital oil and gas venue. On 15 […]

FDI poised to flow on Myanmar’s political transition

Myanmar’s landmark November polls, lauded by international observers, may have given pause to foreign investors weighing the market — but the country’s political transition could attract a new rush of attention, according to industry experts. Once isolated under the regime of a military junta, Myanmar has made great strides in development under quasi-civilian rule. The […]

Myanmar targets 17-fold rise in coal-fired power by 2030

THE southern part of Myanmar is being eyed for new coal-fired power plants, in line with the country’s electricity-generation master plan that will boost the coal-fired power ratio 17-fold by 2030. Aye Min, deputy director for thermal power planning, told the “Myanmar Electric Power Convention” last Thursday that most hydropower projects were located in the […]

Chinese-led group to build Indian Ocean port, industrial park

Myanmar has chosen a consortium of mostly Chinese companies to develop a special economic zone sitting near plentiful offshore natural gas reserves. The Kyaukphyu zone, in the western state of Rakhine, already has an oil and gas pipeline connecting it to China, whose influence over southern neighbor Myanmar could grow as a result of the […]

VPower Awarded Two New Gas-based Distributed Power Projects in Myanmar

VPower Group, one of the fastest growing fast-track distributed power providers just signed two power generation contract arrangements with Myanmar’s state electricity enterprise, for the Economic Zone of Kyauk Phyu and key industrial city Myingyan, both for over the period of five years. VPower Group Logo In Kyauk Phyu, VPower will be doubling the power […]

Bangladesh to import more gas from Myanmar

The government is upbeat over a ‘visible’ win of Nobel peace laureate Aung San Suu Kyi’s National League for Democracy (NLD) party in Myanmar’s parliamentary elections and eyeing afresh to import natural gas from that country. “We have a fresh plan to purchase natural gas from Chinese firms which have stakes in Myanmar gas fields […]

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 […]

MEPE calls tender for gas-fired power

Myanma Electric Power Enterprise (MEPE) has issued more tenders for independent power producers to build gas-fired power plants in Yangon and Myingyan, according to an official. Local and international companies have been invited to apply to generate electricity by gas engine or gas turbine, which will then be bought by state-owned MEPE. Both projects are […]

Shell Seals Dawei LNG Development, Supply Deal

Dutch Energy giant Shell has signed an agreement with Italian-Thai Development Pcl (ITD) and Thailand-based energy firm LNG Plus International Co Ltd (LNGP) to cooperate on the development of a proposed liquefied natural gas (LNG) receiving and regasification terminal in the Dawei Special Economic Zone (DSEZ). Under the agreement, Shell will provide technical expertise on […]

Scramble for electricity will increase Myanmar’s reliance on imported coal

Myanmar has long struggled to provide electric power to its citizens, but a push to electrify the country in the next 15 years under the National Electrification Program has led to the drafting of a plan that pushes the boundaries of realism. Under the program, the Ministry of Electric Power (MEP) plans to raise the […]