Yangon MP targets corruption

Government staff in Yangon Region are involved in the misuse of public finances, according to regional MP Than Naing Oo, representing Pabedan constituency no.1. “Some irregularities in the use of the union budget for 2015-16 fiscal year were found at the Home Affairs Ministry, Fire Service Department, dam and water management department, Ministry of Agriculture, […]

About 600 private fuel stations seeking permits

Permits to open about 600 private fuel stations in Yangon are being sought, which could alleviate the paucity of petrol stations in the region. There are currently 2,065 fuel stations across the country. but only about 150 fuel stations in Yangon because the land and real property values in Yangon are excessively high, entrepreneurs said. […]

MPPE pledges crackdown on weak petrol stations

Myanma Petroleum Products Enterprise (MPPE) will take serious actions against private petrol stations with sub-standard quality, according to its managing director U Thant Zin. Six mobile testing laboratories were imported last year. While they have been put to limited use already, so far petrol stations failing tests have only received warnings, he said. “We are […]

Gas pains for China and Myanmar

Since the Sino-Myanmar natural gas pipeline commenced fuel deliveries in late July 2013, the 793-kilometer energy transportation route has operated well below its total capacity. The underutilization has resulted in an estimated annualized loss of 1.7 billion yuan (US$280 million) and raised pressing questions about the China National Petroleum Corporation (CNPC)-led joint venture’s future commercial […]

Thailand’s PTT eyes third LNG terminal in Myanmar

BANGKOK – PTT PCL, Thailand’s biggest energy company, is looking to build a third liquefied natural gas (LNG) terminal in Myanmar to help secure energy supply in the Southeast Asian country, a senior executive said on Wednesday. LNG, gas chilled to liquid form so it shrinks and is easier to transport, is an important source […]

Burmese Gas Firm Official Confirms Plans for Doubling of CNG Price

YANGON — The price of compressed natural gas (CNG), which is used in almost all public buses and many taxis in Yangon, will rise by 100 percent, but likely not until sometime next year, an official from the Myanma Oil and Gas Enterprise says, denying local media reports that the price hike would take place […]

Thai-Backed Power Plants in Burma Face ‘Difficulties’ Getting Coal

Proposals by Thailand-based companies to build large coal-burning power plants in Burma might prove hard to implement because of logistical difficulties in delivering adequate fuel supplies, an industry newspaper said. Two plants have been proposed in eastern Burma with a total electricity generating capacity of 3,780 megawatts—more than the country’s present overall capacity. One plant […]

Foreign fuel tender to come in October

Foreign firms will be likely be invited to compete to form a joint venture to distribute fuel in October, said Myanma Petroleum Products Enterprise (MPPE) director U Myint Zaw. Private fuel importing has been allowed since 2010, but foreign firms have so far been prevented from setting up shop. The successful firm in the joint […]

Myanmar’s oil sector attracts investment

The opening up of Myanmar’s economy after decades of isolation has led to a jump in oil demand, attracting local and foreign investors to build oil storage tanks and a terminal to meet rising consumption. Here are some details on the country’s oil sector. OIL DEMAND Fuel demand rose more than 5 percent to over […]

Myanmar’s Oil Sector Attracts Investment

The opening up of Myanmar’s economy after decades of isolation has led to a jump in oil demand, attracting local and foreign investors to build oil storage tanks and a terminal to meet rising consumption. Here are some details on the country’s oil sector. Oil demand Fuel demand rose more than 5 percent to over […]