Export earnings from natural gas on the rise

Up to early September, Myanmar’s export earnings from natural gas exceeded US$1.2 billion, up nearly $7.986 million from the same period last year, according to the commerce ministry. U Khin Maung Lwin, the ministry’s assistant permanent secretary said: “Export earnings reached $1.233 billion. Last year, they exceeded $1.226 billion. This is due to an increase […]

Car import permits down 60pc in 2017-18

Applications for the import of passenger vehicle is down by more than 5,000 so far this fiscal year compared to the same period in the previous fiscal year, said U Aung Htoo, deputy minister for Ministry of Commerce. The government has been trying to limit the import of cars to control traffic congestion in the […]

PTTEP to start exploring two offshore blocks next year

Myeik—Thailand-based PTT Exploration and Production Public Co Ltd (PTTEP) will start exploration work in the M9 and M11 offshore blocks in the Gulf of Martaban next year. The blocks are located 250 kilometres from Dawei and 270 kilometres from Myeik, respectively. The company held a public meeting to explain the upcoming exploration work on August […]

On PM Narendra Modi’s visit, Myanmar to receive first lot of diesel from India

NAY PYI TAW: The first consignment of high speed diesel from India will reach Myanmar on September 3, Parami Energy Group CEO Ken Tun has said. Ken Tun told Mizzima News that his group is importing the diesel under a joint venture agreement with India’s Numaligarh Refineries or NRL. Two trucks, each loaded with 4,000 […]

Myanmar opts for domestic power generation

Plans are underway to generate electricity from local power plants even though China, Thailand, Laos and India have offered to sell their electricity to Myanmar, a senior official of the Ministry of Electricity and Energy (MOEE) said. Details on arrangements to buy electricity from other countries have yet to be made available, and is not […]

Htaukkyant factory to assemble Daewoo buses

Mini-buses will be assembled by the Myanmar Trade Center Co., Ltd. at Htaukkyant factory in cooperation with Daewoo Bus Corporation, said Dr Kyaw Kyaw Aung, the managing director of Myanmar Trade Center Co., Ltd., according to a newspaper report in Myawady Daily. Myanmar Trade Center Co., Ltd. operates the Htaukkyant factory under a long-term lease […]

Where Will Myanmar’s Energy Come From?

Myanmar’s high growth in electricity demand — rising by around 13 percent annually — is a challenge for the government. Demand is estimated to reach 4,500 MW by 2020 and 13,410 MW in 2030. Currently there is no plan to meet this high demand. High-level policy shifts and unclear policies within the cabinet and ministries […]

As the World Moves to Renewable Energy, Myanmar Will Follow

YANGON — The government has been pushing plans for coal-fired power plants to address Myanmar’s great need for electricity. Renewable energy expert Hans-Josef Fell talks about how Myanmar can develop its energy plan. Fell is a former parliamentarian in Germany and the current president of the Berlin-based Energy Watch Group. The Myanmar government has been […]

Trade deficit hit US$1.4 billion in past three months

Myanmar’s trade deficit reached US$1.4 billion in the past three months, according to the Commerce Ministry. External trade from 1 April to 30 June this was an estimated $7.7 billion. Exports were worth $3.2 billion and imports were $4.6 billion. Myanmar’s export market includes extractives including minerals, natural gas, agriculture and fisheries products. Agribusiness plays […]

Natural gas export earnings decrease by over US$35million

Natural gas export earnings as of the end of May this FY hit over US$230million, a decrease of over US$35 million from the same point last year, according to the Commerce Ministry. Natural gas exports accounted for 45 per cent of the country’s total export earnings, followed by the garment sector with 17 per cent. […]