China-Myanmar oil, gas project benefits both

The China-Myanmar crude oil and gas pipeline, a pioneer project of the China-proposed Belt and Road Initiative, has brought tangible benefits to both sides, and won broad support. The pipeline project consists of a crude oil pipeline and a natural gas pipeline, which run from the port of Kyaukpyu on Myanmar’s west coast to Ruili […]

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 […]

Serviced Apartment Market in Yangon 4Q, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Serviced Apartment Market 4Q 2014 Developers beginning to take interest over limited supply The total supply of serviced apartments grew meagrely in 2014, with only 30 additional units introduced. In the near […]

China-Myanmar crude pipeline opens: Chinese state media

[BEIJING] A pipeline pumping oil from Myanmar to China started a trial operation on Wednesday, Chinese state media reported, Beijing’s latest step to diversify energy imports into the world’s second-largest economy. The 771 kilometre (478 mile) pipeline will connect the world’s top crude buyer with a deep-water port in western Myanmar, reducing China’s dependence on […]

Kyaukpyu Deep Sea Port ready to send oil to China

Crude oil brought by ship from the Middle East will be stored at oil tanks on Madae Island in Kyaukpyu Township prior to sending it to China through the recently constructed pipeline, according to a Rakhine State minister. Large 100,000-ton oil tankers will moor at Kyaukpyu Deep Sea Port as of January 2015, Rakhine State […]

Mitsui buys into Thaketa plant with MAXpower deal

Mitsui, the largest Japanese investor in Myanmar, has purchased 44 percent of Myanmar Power Pte Limited from Singapore-registered MAXpower Group for an undisclosed sum. Myanmar Power runs the Thaketa gas-fired project near Yangon, which has been operational since August 2013 partly to provide electricity to Thilawa Special Economic Zone. “Sealing a new strategic partnership with […]

Retail Market in Yangon 3Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Retail Market 3Q 2014 Yangon retail market ripe for expansion Yangon’s retail market is set for major changes with new and modern shopping formats slated to be introduced in the medium term. […]

Yangon’s skyline is set to rise

From four buildings with more than 20 floors, Yangon is destined to welcome more high-rises in the next five years. “Yangon is a clean city, if you look down from Shangri La Residence Tower,” said John Anderson, managing director of Meinhardt Myanmar. “In five years, it will be dusty as lots of construction works take […]

Office Market in Yangon 1Q, 2014

Subscribe to our Myanmar Property Report Mailing List Research & Forecast Report Yangon | Office Market 1Q 2014 Yangon prime office rents, highest in the region Developers continue the process of trying to absorb anticipated demand as the country opens up to more inbound investment. To date, Yangon’s office stock is at 112,000 sq m, […]

PTTEP to Pour in $72 Million for Myanmar Onshore Oil Block

A subsidiary of Thai energy giant PTTEP and its joint venture partners have signed a Production Sharing Contract (PSC) with the state-run Myanma Oil and Gas Enterprise (MOGE) for the exploration and production rights of an onshore block in Myanmar. PTTEP plans to conduct the 2D and 3D seismic surveys and drilling campaign of four […]