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Investors to be invited to boost LPG, CNG businesses

Investors will be invited to boost gas exploration as well as LPG and CNG businesses, said Union Minister Win Khaing for Electricity and Energy.

He said investment in such businesses would help improve Myanmar’s electricity sector.

“To improve the electricity sector, we will invite investors to cooperate with us in exploring gas and developing LPG and CNG businesses and factories as well as solar energy,” said the minister.

According to sources from the Ministry of Electricity and Energy, tenders will soon be opened to operate 33 oil and gas blocks—15 offshore blocks and 18 onshore blocks.

At Myanmar investment forum held in Nay Pyi Taw on January 28, Union Minister for Investment and Foreign Economic Relations Thaung Tun said more blocks in Myanmar’s offshore areas would soon be put to tender.

Plans are underway to engage in LPG as a strategic business for its extensive use in industrial and transport sectors as well as for kitchen purposes.

It is targeted that LPG will be distributed to 1 million households in villages by 2020.

Source: Eleven Media

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