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..
Fishermen carry the fishing nets at the Maung Ma Kan village in Dawei city, Tanintharyi. Photo - EPA Businesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi, which is near the Thai..
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..
Commercial gas production will commence at the A6 block Shwe Yee Htun-2 discovery, offshore Myanmar, in 2023, U Zaw Aung, a retired director general of the Oil and Gas Planning Department under the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. “The State aims to produce gas commercially in year 2023. It..
Photo - EPA U Thaung Tun, Union Minister for Investment and Foreign Economic Relations, is expecting foreign direct investments in the offshore oil and gas industry to increase in 2020, once proposals for exploration and production are received, evaluated and approved. At the 30th regular meeting of the Private Sector Development Committee with..
A primary school student does her homework with candlelight during a power blackout in Mandalay. Photo: Phyo Wai Kyaw/The Myanmar Times Exclusive: A consortium led by China Energy Engineering Group (CEEC) has won the fifth emergency power project put out to tender by the Myanmar government, The Myanmar Times can reveal. A senior..
