Chinese state-owned CITIC is set to initiate bidding for its environmental impact assessment (EIA) consultant for its port project in central Rakhine following the environmental ministry’s response to its project proposal. The Ministry of Natural Resources and Environmental Protection (MONREC) last month designated the Kyaukphyu deep-sea port project as an EIA-type project after screening..

  South Korean conglomerate Posco International Corporation has discovered a new gas field in Block A3 at the Shwe natural gas project located offshore Rakhine, The Myanmar Times understands. The company confirmed that it had found a gas column of around 18 meters at its Mahar-1 exploration well after it began exploratory undersea drilling in Block..

A file photo of the Shwe Gas Terminal in Kyauk Phyu, Rakhine State. New development wells will be drilled off the coast of Rakhine early next year. Photo - EPA   Eight commercial-scale development wells at the Shwe natural gas project will be drilled in January 2020, the field’s operator, South Korean conglomerate Posco International..

Although a new pipeline for the Zawtika natural gas field is urgently needed, work on the project is expected to only begin next year due to negotiations over the cost of the project, officials say. The cost for the new pipeline is supposed to come from revenue generated for the Myanmar Oil and Gas Enterprise..

A man collects oil from hand cooped oil well on the shore of Kyaukphyu, Rakhine. Photo - EPA   Myanmar is expected to call the next bidding round in January 2020 after passing the draft oil and gas law, said a retired senior official.  Having planned to start the process in the first half of..

Electricity originates from 62 hydropower and 20 gas-fired stations and one coal-power plant. Photo: EPA   Hong Kong-listed VPower Group said its consortium with Myanmar’s Zeya & Associates had been provisionally awarded four of the five emergency power projects tendered by the energy ministry in June.   The consortium said it won three projects that..

Source: 2019-20 Union Budget Law/ Chart - Myanmar Times   The energy and electricity sector has been allocated with the highest volume of funds in the Budget for fiscal 2019-20, which commenced October 1. It is the first time the energy sector will top government spending.   The government is expected to spend a total..

The Myanmar Times   Myat Myittar Mon Company, which imports petrol and operate petrol stations in Myanmar, wants to expand into the business of importing, storing and distributing aviation fuel, or jet fuel, its managing director, U Win Myint, told The Myanmar Times.    The company has already sent proposals to the Minister of Transport..