[vc_row][vc_column][vc_column_text]Myanmar will hold an international tender for gas to be delivered to the country via floating power plant to generate the electricity required to meet rising demand in Yangon by summer 2020, a senior official from the Ministry of Energy and Electricity (MOEE) told The...
Read MoreA 170MW solar power plant in Minbu Township, Magwe Region, will start producing electricity in time for summer next year, said U Lin Naing Oo, business development department general manager of GEP (Myanmar) Co Ltd. The Thailand-based company is investing US$297 million in the solar project,...
Read MorePiya Sukhum-Panumet, general manager of PTTEP Myanmar Asset. Shin Moe Myint/The Myanmar Times With fresh oil and gas reserves at Myanmar’s offshore blocks now approved for commercial activities, the Ministry of Energy and Electricity (MOEE) will invite international tenders for up to 31 oil and gas...
Read MoreBuyers examine raw jade displayed prior to an auction during the November Gems Emporium in Nay Pyi Taw on Tuesday. The Gems Emporium runs through Saturday. Photo - EPA Myanmar yesterday opened the first Mineral Development Bank (MDB) to provide banking services to small and medium...
Read MoreEfforts must be taken to lessen Myanma Oil and Gas Enterprise’s (MOGE) tax burden from contracts signed with joint-venture firms to work offshore oil and gas fields, a report states. According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report...
Read MoreAn offshore platform at Zawtika, Moattama Gulf. Photo - Supplied The replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to...
Read MoreUS Federal Reserve Board Chairman Jerome Powell. Photo - EPA Higher US interest rates and global oil prices are putting pressure on Myanmar’s economy. The US Federal Reserve Bank has raised interest rates three times so far this year. The latest increase of a quarter percentage point...
Read MoreThe Ministry of Electricity and Energy (MOEE) officially announced that the ShweYee Htun-2 appraisal well at offshore block A-6 near Rakhine State is able to produce natural gas for commercial purposes. However, U Win Khine, Union Minister of the MOEE, did not provide a timeframe on...
Read MoreA deepwater offshore oil rig and accompanying support vessel. Photo - EPA Appraisal well Shwe Yee Htun-2 has been successfully drilled with formation evaluation results indicating a gas column and net pay thickness that substantially exceeds prior expectations, according to MRPL E&P. The domestic oil and gas...
Read MoreThe signing ceremony takes place in July. Photo - Supplied A 145-megawatts natural gas-fired power plant will be built in Kyaukse of Mandalay Region, according to the Ministry of Electricity and Energy. The gas-fired power plant will be implemented within Baelin 230 kV substation by Powergen Kyaukse Company Limited. 18MW...
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