Better Gas Technology, Infrastructure Crucial to Solving Power Problem

Myanmar, one of the fastest growing economies in the world, is nevertheless notorious for its insufficient supply of power. Despite several State and regional Master Plans and programs, just one third – or 3.7 million out of the 10 million households in the country – enjoys access to electricity. Meanwhile, the government’s losses, accumulated on […]

Thailand’s PTT poised to gain from Myanmar deal

THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border. The singing of the agreement will pave the way for PTT to conduct a study on a Bt20 billion […]

Myanmar govt expected to earn Ks 1.8 trillion from natural resources this year

State-owned enterprises extracting natural resources are expected to earn over Ks 1.8 trillion during the 2017-2018 fiscal year, according to this year’s budget statement. Those enterprises are the Myanmar Oil and Gas Enterprise, the No 1 Mine Industry, the No 2 Mine Industry and the Myanmar Gems Enterprise. Between April 2017and March 2018, the Myanmar […]

MOGE ventures into onshore services

Myanma Oil and Gas Enterprise (MOGE), a state-owned company responsible for the upstream oil and gas sector under the Ministry of Electricity and Energy of the Republic of the Union of Myanmar, plans to establish three joint ventures with international service companies by 2H 2017. The partnerships will focus on onshore seismic acquisition services, onshore […]

PTTEP partners with Total in Myanmar’s MD-7 field

PTT Exploration and Production Plc (PTTEP) has entered into a partnership agreement with Total E&P Myanmar, divesting a 50% participating interest in the Myanmar MD-7 Project. The company will collaborate with Total in the exploration and development activities in the block, which is located in the Gulf of Moattama, offshore Myanmar. The transaction has been […]

Myanmar earns $2.4 billion from natural gas exports

The export value of natural gas as of January this financial year amounted to US$2.4 billion, whereas in the same period of last year the figure was $3.5 billion, a slump of more than $1.1 billion, according to the Commerce Ministry. An expert said the decline in the export value of the gas is linked […]

Myanmar to export 515b cubic ft of gas this FY

Myanmar is expected to export 515b cubic ft of natural gas this fiscal year while keeping 160.6b cubic ft for local use, according to the second National Development Plan (NDP), reported on Natural Gas Asia.com. The main Myanmar gas projects; Yadana, Yedagun, Zawtika and Shwe are expected to bring in the lot with 206.2b cubic […]

Myanmar offshore exploration continues despite low oil prices

Myanmar authorities announced the latest offshore activities last week through state-run newspapers. International companies have now started surveys at almost half of all blocks awarded in the 2013 bidding round. Meanwhile, production remains steady at Myanmar’s existing offshore gas fields – Yadana, Yetagun, Shwe and Zawtika – officials said. France’s Total E&P Myanmar launched 2D […]

Energy dilemma

Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]

Squatters: a challenge for the new government

The squatter problem in Yangon is growing day by day. The problem remains unresolved, despite the efforts of successive governments. In the 1990s, Yangon had 9,019 squatter households. According to figures collected in 19 townships in the Yangon municipal area, this number has increased to 43,985 today—about five times higher than in the 1990s.  Hlaingthaya […]