In January 2018 the Ministry of Electricity and Energy (MoEE) authorised four major power projects using its new “notice to proceed” approval process. If brought to fruition, these projects will collectively add more than 3000 MW of generation capacity to the national grid. Three projects will make use of imported LNG and are located at Ahlone...
The previous administration, led by U Thein Sein, awarded oil and gas blocks that offered companies the chance to earn handsome margins. However, since the fall of oil prices in 2014, production-sharing contracts (PSCs) have become less attractive. As such, private investors have called for fiscal reform to spur exploration activity. According...
In May 2018 local energy firm Elite Petrochemical inaugurated the first stage of a $128m LPG import and distribution facility in the Thilawa Special Economic Zone, located 25 km south of Yangon. The terminal and hub, developed under a build-operate-transfer model, includes a jetty for cargo handling and a 3000-tonne storage tank farm. The...
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...
Stretching from the Himalayas in the north to the Andaman Sea in the south, Myanmar’s diverse terrain offers a wealth of untapped mineral resources. Following the easing of international sanctions and major legal reforms, the authorities now have the opportunity to rehabilitate some of the mines that were neglected during the socialist period...
Despite being endowed with vast deposits of jade and gemstones, a fragmented value chain, persistent smuggling and weak oversight have long hindered revenue collection for the state in Myanmar. To remedy this, the country’s first democratic government is determined to formalise trade and remove conflicts of interest across a sector that has...
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