Energy giants win Myanmar offshore oil and gas blocks

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners Wednesday of a landmark auction of offshore oil and gas exploration rights, pinning hope on its natural resources to drive economic growth. The country, left impoverished by nearly five decades of isolation under military rule, has been the subject of feverish interest by […]

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 […]