Oil and Gas Archives - National Energy Group of Companies

Two Chinese firms will commence feasibility studies for the construction of an oil refinery in Dawei Special Economic ZOne (SEZ) in Tanintharyi Region soon.

posted on: September 16, 2020/by Editor

Yunnan Indo-Pacific Group and CNPC East China Design Institute will conduct the feasibility studies in co-orperation with local company Myanmar Chemical and Machinery Co.Ltd (MCM). MCM last month asked for permission from the Ministry of Electricity and Energy (MOEE) to conduct the study for the refinery, which will have the capacity to process 8 million..

PTTEP to remain focued on Myanmar investments despite profit drop t drop

posted on: August 14, 2020/by Editor

Although earnings at PTT Exploration and Production (PTTEP) halved in the first six months of the year, the Thai oil company will continue to focus on its key major investments, which includes gas fields in Myanmar as well as Thailand, Malaysia and the Middle East, Mr Phongsthorn Thavisin, President and CEO of the company, said..

Magwe-Shwe Taung gas pipeline to be upgraded with S Korean help

posted on: August 14, 2020/by Editor

The Magwe-Shwe Taung gas pipeline will be upgraded thanks to a loan from the South Korean government, says U Kyaw Nyan Tun, deputy managing director of Myanma Oil and Gas Enterprise. “The project is one that was discussed by South Korean President Moon Jae-in during his visit to Myanmar last September. Under the project, the..

Myanmar to announce winners for solar project tender “soon”

posted on: August 13, 2020/by Editor

Myanmar will announce the winners for a 1060-megawatt solar project tender “very soon,” said U Soe Myint, Deputy Permanent Secretary of the Ministry of Electricity and Energy. “The announcement will be made soon and we are screening the companies. We want to be fast bust also have to be accurate as well,” he said. Power..

Govt greenlights Ywama gas plant upgrade

posted on: August 5, 2020/by Editor

The Upgrading of a combined cycle gas turbine power plant in Ywama, Yangon, has been given the go-ahead by the Ministry of Electricity and Energy (MOEE). The Power plant is located in Insein township, and the US$300 million required for the upgrading will be provided by the World Bank. A tender for the project will..

Japanese firms given green light to build power plant in Yangon

posted on: July 27, 2020/by Editor

Myanmar and Japan have signed an agreement to build a 1250-megawatt liquefied natural gas power plant worth up to US$2 billion in Yangon’s Thilawa Special Economic Zone. The Ministry of Electricity and Energy on July 24 granted a Notice to Proceed to Marubeni, Sumitomo Corp and Mitsui & Co to build the plant under a..

Integrated LNG Power Project in Thilawa , Yangon Region

posted on: July 25, 2020/by Editor

YANGON/TOKYO — Trading houses Marubeni, Sumitomo Corp. and Mitsui & Co. will build a liquefied natural gas-fired power plant in Myanmar, one of the biggest investments by Japanese companies in the Southeast Asian country, people familiar with the matter say. The three companies estimate total investment in the project at $1.5 billion to $2 billion…

Myanmar Oil and gas revenue forecast to decrease in 2020-21

posted on: July 24, 2020/by Editor

Revenue from the Myanmar oil and gas sector will decline in fiscal 2020-21 as a result of COVID-19, Deputy Minister for Planning and Finance U Maung Maung Win told the Pyidaungsu Hluttaw. This is because global oil prices have fallen, leading to a decline in gas prices and production at four of Myanmar’s offshore gas..

Magwe gas plant starts running, VPower says

posted on: July 6, 2020/by Editor

The gas intended to help plug Myanmar’s electricity shortfall this summer has started operating after almost a two-month delay, according to its developer. VPower Groups’s 23-megawatt gas plant in Kyun Chaung of Magwe Region began commercial operations on June 3 after a power purchase agreement was signed between the firm and the Ministry of Electricity..

India’s ONGC raises investment in Shwe gas project