The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]
Myanmar’s electricity goals depend on ODA
May 2, 2018 by
With 5.5 percent annual growth of gross domestic product, Myanmar was one of the fastest growing countries in ASEAN during 2011-2015. The growth of Myanmar’s economy is heavily influenced by the government’s focus on promoting special economic zones among investors.Subject to the implementation of this focus, infrastructure development in energy is vitally important to make […]
After winter gas crunch, China pumps for underground storage
April 20, 2018 by
CHONGQING, China (Reuters) – On one of the many mountains in southwest China’s sprawling region of Chongqing, a dozen wells in an exhausted gas field are this week starting to take in fresh fuel piped in from Central Asia’s Turkmenistan, thousands of miles away. For the next six months, state energy giant PetroChina, operator of […]
Myanmar Emerging as Key Component in China’s Belt Road Initiative
December 15, 2017 by
A recent public speaking trip through Asia discussing the ongoing developments within the China Belt Road Initiative (BRI) exposed a number interesting themes, one of which is the increasing influence Myanmar is having on China’s Belt Road Initiative (BRI). Most discussion within the maritime, oil & gas and rail sectors focused on the growing improvements […]
Can LNG fill Myanmar’s power gap?
September 20, 2017 by
As such, the government has identified electricity as its top priority. Under the Myanmar National Electrification Plan (NEP), it aims to achieve 100 percent electrification by 2030. This will involve achieving a total of 24,000 MW of electricity generating capacity, which, in turn, requires vast infrastructure investments in power sector. That’s because the 24,000 MW […]
Numaligarh Refinery becomes Myanmar’s sixth fuel retailer
September 5, 2017 by
Assam-based Numaligarh Refinery (NRL), in joint venture with Parami Energy Group, has entered the fuel retailing business in Myanmar. NRL, a subsidiary of BPCL, becomes the sixth fuel retailer in Myanmar, which includes Shell, Total and a clutch of companies from Vietnam and Thailand. Two road tankers, carrying approximately 4,000 gallons of fuel each, will […]
Offshore Opportunities Emerge in Wake of Gas Discoveries
August 16, 2017 by
Promising opportunities are emerging for Myanmar’s oil and gas service providers. Leonard Oh, executive chair of Myanmar Offshore Supply Base, discusses his company’s plan. Last week, gas was discovered at Block A-6, off the coast of Southern Rakhine, at water depths of up to 4,570 meters. It was the deepest gas well ever drilled in […]
More FDI essential for substantial increase in garment exports
August 11, 2017 by
The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]
