Hong Kong-listed VPower Group inked a deal with the government to operate a rental power project in Mandalay Region. The company signed a power purchase agreement with the Ministry of Electricity and Energy’s Electric Power Generation Enterprise to run a 90MW gas engine power plant in Myingyan for five years. The company said it plans […]
Domestic natural gas to be made available by 2023: MOEE
May 29, 2018 by
Larger volumes of natural gas will be available from Myanmar’s onshore and offshore gas fields within the next five years, yielding fresh opportunities for international oil and gas firms to invest in the sector, said U Win Khaing, Union Minister for Electricity and Energy (MOEE). “Gas production will be a priority for the government over […]
Better Gas Technology, Infrastructure Crucial to Solving Power Problem
August 29, 2017 by
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 […]
Medium-Income Housing Offered on Installment Plan in Mandalay
July 25, 2017 by
The Garden City Apartment Complex will break ground next week with the aim of giving medium-income people the chance to buy a unit, said project director U Zin Min Swe. Civil servants who are currently working will receive a 5 percent discount and all buyers will be linked up with banks that allow interest-free installment […]
Myanmar govt expected to earn Ks 1.8 trillion from natural resources this year
June 26, 2017 by
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 […]
Myanmar earns $2.4 billion from natural gas exports
February 6, 2017 by
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 […]
Offshore Gas Project Awards EPCI Deal in Myanmar
October 13, 2016 by
Indonesian platform builder PT Gunanusa Utama Fabricators (PTG) has been awarded a second contract from Thailand’s PTTEP for Zawtika project offshore Myanmar. The initial contract, awarded in September, comprised engineering, procurement, construction and installation (EPCI) of two offshore wellhead platforms, associated pipelines and tie-ins for Phase 1C of the Zawtika Development Project. “The aggregate value […]
Myanmar to export 515b cubic ft of gas this FY
June 23, 2016 by
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
May 4, 2016 by
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
March 15, 2016 by
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. […]
