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 […]

Russian firms eye energy cooperation in Myanmar as nations strengthen ties

Oil and gas exploration is forming the backbone of a renewed drive to develop economic relations between the long-term allies. Russia’s refusal to back EU sanctions against Myanmar and the use of its United Nations Security Council veto to help the country when it was still under the tight grip of a military dictatorship, has […]

Myanmar’s energy sector boosted by World Bank investment

NAYPYIDAW, Myanmar, Sept. 25 (UPI) — The World Bank has approved a $140 million interest-free loan to upgrade an existing power plant in Myanmar, the bank said. The project, at the Thaton station in the southern state of Mon, will replace aging gas turbines with new units which will produce 250 percent more electricity with […]