PTTEP pledges to continue gas production work in Myanmar

Thai oil and gas company PTT Exploration and Production (PTTEP) will continue to execute its 2020 Economic Plan, which includes work in Myanmar, said Mr Piya Sukhumpanumet, general manager from PTTEP Myanmar Asset. PTTEP is the operator of the Zawtika natural gas project, which includes the development of the Zawtika, Kakonna and Gawthaka gas fields […]

Myanmar’s gas production dilemma

As the scramble for more power sources intensifies, focus has centered on tapping Myanmar’s gas fields to meet demand. But can the country afford its own gas? Myanmar is under pressure to double its power production capacity to 6000 megawatts (MW) within the next two years, in order to meet rising demand. Several power generation […]

Woodside promises to reduce marine impact from gas production

Australia’s Woodside Petroleum will raise attempts to protect the Myanmar environment even as it mulls the commercial viability of developing gas reserves in Block A6 , which is off the coast of Rakhine. “We are trying balance between [gas] development and environmental protection,” said Daniel Clery, Myanmar country manager at Woodside, which has a 40 […]

Myanmar economy to post 8% annual growth in coming years: IMF

YANGON – The International Monetary Fund (IMF) has estimated that Myanmar’s economy will grow by an average 8 per cent in the coming years led by rising gas production and investment. The IMF praised Myanmar for its economic reforms, but said more were needed at both policy and institutional level as the authorities’ capacity was […]

PTTEP earmarks $3.3 bn for Myanmar

Investment budget set till end-2018 as energy giant celebrates 25th year in neighbouring country PTT Exploration and Production (PTTEP) will invest a total of US$3.3 billion (Bt106.4 billion) in Myanmar through to the end of 2018, president and CEO Tevin Vongvanich said after celebrating the listed company’s 25th anniversary of successful operations in the neighbouring […]