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Confusion arises on settlement of gas debts in Tanintharyi region

Global Grand Services Co Ltd (GGS), which distributes electricity produced from natural gas in Tanintharyi Region, owes billions of kyat to the Ministry of Electricity and Energy (MOEE), an official of the ministry has told The Myanmar Times. Some two million cubic feet (56,600 cubic metres) of natural gas is provided daily to GGS with […]

PTTEP to raise investments in Myanmar offshore projects to maintain gas production

Since 2014, a total of 345 million cubic feet of natural gas for daily domestic consumption and export to Thailand is channeled from the offshore Zawtika Project in the Gulf of Moattama to the Zawtika Operation Center (ZOC) in Kanpauk Township, Tanintharyi, said Mr Piya Sukhumpanumet, general manager of PTTEP Myanmar Assets. Natural gas, which […]

Natural gas from Offshore A-6 plot to be produced in 4 years

Natural gas from Offshore A-6 block will be produced in 4 years time while other offshore blocks will be opened for international tender with the government current adjusting profit sharing rates, according to Union Minister for Investment and Foreign Economic Relations, Thaung Tun. “We have found natural gas in offshore 6. But, it is a […]

Offering high hopes of realizing full growth potential from upcoming Rakhine State Investment Fair

Rakhine State has naturally an inherent potential for growth. But it has lagged behind other Regions and States in terms of commerce and social development after Independence in 1948 which has been invested with several kinds of insurgency. Economic development plays an important role in overall developments in Rakhine State; it is an agriculture-based State. […]

Myanmar wins award for research on biomass production

The Myanmar Aerospace Engineering University was selected among participants from 182 countries as this year’s winner of the Energy Globe Award in Japan. Myanmar’s research presented the concept, design and construction of the device for thermogravimetric measurements alongside the results from tests carried out on wood pellets. The main objective is to study the viability […]

VPower’s Myingyan plant to start operation next year

Hong Kong-listed VPower Group inked a deal with the government to operate a rental power project in Mandalay Region. The company signed a power purchase agreement with the Ministry of Electricity and Energy’s Electric Power Generation Enterprise to run a 90MW gas engine power plant in Myingyan for five years. The company said it plans […]

Kayin residents want monitoring of cement factories’ operations

Residents living near two cement factories in Hpa-an Township in Kayin State have called on the government to ensure transparency in the operation of the plants in order to protect their health amid reports they are already using coal for power. Some 2955 residents near the factory in Myaingkalay Village, said they are worried about […]

Gas pipeline at Zawtika to be replaced

The replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to journalists during a media tour to Zawtika, located in block M-9 of the Moattama Gulf, Tanintharyi Region on […]

Trade war will drive Chinese investment in Asean to US$500 billion by 2035, think tank says

Chinese investment in Asean countries is set to more than triple to US$500 billion by 2035, with the US-China trade war likely to provide a catalyst for the spike, according to a regional think tank. The claim was made in a report published on Thursday by the Asean+3 Macroeconomic Research Office (AMRO), a regional macroeconomic […]

CMP garment export earnings hit over $2.2 bn in six months

Photo shows workers at a garment factory in Yangon. (Photo-Zeyar Nyein) Out of total export value in the six-month mini budget from April to September this year, earnings from export of CMP garments reached the largest amount with US$2.2 billion, exceeding over US$1 billion compared to the same period of last year, according to the […]