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 in gas prices this year.”

Myanmar is producing natural gas from four gas projects. The production capacity of the Yedagon and Zawtika natural gas projects is declining.

According to a paper submitted by Dr Maung Maung Kyaw, the chief engineer from the Ministry of Electricity and Energy, at Myanmar Investment Forum in Nay Pyi Taw on June 6, the Yadana gas project produces 650 million cubic feet daily, 200 million cubic feet of which are directed toward domestic use.

In addition, the Yedagon gas project produces 250 million cubic feet daily, and the Zawtika gas project produces 250 million cubic feet for export and 80 million cubic feet for domestic use.

According to the 2nd Myanmar Electric Power Convention held in Yangon in 2014, the Yedagon gas project produced 330 million cubic feet for export and 119 million cubic feet for local use up to October that year. The Zawtika gas project produced 279 million cubic feet for export and 64 million cubic feet for domestic use during the same period.

Source : Eleven Myanmar

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