Three offshore gas fields see low demand from partner countries

THREE of Myanmar’s four offshore gas fields have attracted low demand for natural gas from partner countries, according to Electric Power and Energy Ministry. The Zawtika Project, the country’s largest offshore gas field has proven to be the exception. The low demand has been linked to the fall in crude oil prices in the world […]

Thailand PTTEP assures transparency in Myanmar investments

PTT Exploration and Production Plc (PTTEP) have given assurances that its five-year US$3 billion investment on oil exploration in Myanmar will be transparent. Tevin Vongvanich, PTTEP president and chief executive, said the US$3 billion allocation would be part of the company’s US$25 billion investment to produce 600,000 barrels of oil in 2020. The major portion […]