Posco Daewoo assigned for deep sea gas exploration in Bay of Bengal

State-owned Petrobangla on Tuesday entered into the final deal with Posco Daewoo International Corporation to award it the deep sea (DS) gas block -12 in the Bay of Bengal for hydrocarbon exploration. Under the deal, the South Korean oil major will invest between $60-120 million in the next five years for conducting 2D and 3D […]

Myanmar to solicit bids for its 1st LNG terminal

An international tender to build Myanmar’s first liquefied natural gas terminal will start as early as April, presenting a business opportunity for Asian trading and energy companies, according to a government source. Along with a floating LNG terminal with an annual capacity of 3 million to 4 million tons, the $2-billion project includes construction of […]

Yangon new bus system gets moving

The residents of Myanmar’s main commercial city are slowly adjusting to the new transport system, introduced nearly a month ago by the region’s chief minister. “It was chaos to begin with, but now we’re getting used to it,” office worker Mi Mi Chan told Asia Focus as she waited to catch her bus to work […]

Myanmar’s FDI rush recedes

Myanmar’s economy looked like it was enjoying a brisk tailwind after progress in democratization led the U.S. to lift its sanctions last year, but the boost appears to be waning. The government that took office in March 2016, with pro-democracy icon Aung San Suu Kyi as its de facto leader, has so far proposed few […]

Jereh Group wins China-Myanmar gas storage contract

Jereh Group has been awarded an engineering, procurement and construction contract for a gas storage project in Guizhou province, China, it said September 21. The scope includes a natural gas liquefaction plant with the production capacity of 10.59mn ft³/d and a supporting storage tank of 5,000 m³. The project will back up supplies through the […]

Woodside to Drill At Least Four Wells Off Myanmar in 2017

Australian energy company Woodside said it is planning to boost its drilling campaign offshore Myanmar with the potential commercial viability of recent gas finds in the area. Earlier this year, Woodside discovered 32 metres of net gas pay in the Myanmar Block A-6 Shwe Yee Htun-1 exploration well and 62 metres net gas pay in […]

Myanmar oil and gas: Going against the flow

For the first time since 2004, both the price Brent Crude and US crude have fallen below $30 a barrel. Many oil and gas production centres are floundering amidst the current crisis, yet one South East Asian nation is experiencing record growth in its energy sector. Over the past 24 months, significant foreign direct investment […]

Thai PTT joins Ratchaburi for coal plants, Myanmar LNG

BANGKOK, June 24 (Reuters) – Thailand’s largest energy firm PTT Pcl said it signed contracts with Ratchaburi Electricity Generating Pcl to jointly invest in a liquefied natural gas (LNG) terminal in Myanmar and power plants in Southeast Asia. The move is part of state-controlled PTT’s drive to strengthen energy security in Thailand, which uses natural […]

Myanmar considers LNG to meet growing energy demand

Energy demand in Myanmar is rising fast. The country is abundantly rich in natural energy resources, but the investment of capital and technology will not be able to unlock these resources in time to fulfill the growing need for power. In the meantime, the Ministry of Energy is considering its options for imported fuel to […]

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 […]