New prospects in Myanmar’s oil and gas blocks

Next month, 15 offshore blocks and 18 onshore blocks will be put up for tender. It is Myanmar’s second international bidding and local and foreign oil firms are interested in participating. But how much oil and gas is present? Are more discoveries possible? Which blocks have potential? Industry watchers may wish to know. Among the […]

Myanmar to form coast guard to strengthen maritime security

Myanmar is deliberating to form coast guard in order to strengthen maritime security, Deputy Minister of Defense Rear-Admiral Myint Nwe said. The navy is currently assuming the duties pertaining to coast guard as Myanmar does not have one yet, Myint Nwe told the session of the House of Representatives (Lower House) in the capital of […]

Myanmar Gas Exports Worth $3.3Bln Last Year After Slight Drop

YANGON — Myanmar’s earnings from natural gas exports fell in the last fiscal year as more of the resource was consumed domestically but shipments of greater volumes to China as a new pipeline comes up to speed are expected to boost earnings this year. Myanmar earned $3.299 billion from the export of gas during the […]