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...
Although Myanmar has been faced with internal conflict, a new long-term economic agenda, alongside rising oil and gas prices and considerable growth in some manufacturing segments, are set to encourage increased foreign direct investment inflows into the country.
New bids for oil and gas exploration and development rights on a series of blocks, along with reforms to joint-venture requirements, are expected to stoke renewed interest in Myanmar’s energy sector and boost investment inflows.
Increased investment in import and distribution capacity should help Myanmar satisfy its growing appetite for liquefied petroleum gas (LPG), with the government looking to encourage usage of the fuel as part of plans to direct electricity towards industry.
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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