For decades, the Myanmar oil and gas story was fairly simple. The country had well-established onshore fields, with some regional participation, and a few offshore fields, with regional participation and some legacy participation by international majors. Production was significant given the isolation of the country, and oil and gas was vital...
China has long been a significant player in Myanmar’s energy sector. Before recent political reforms, Western sanctions made the country of particular interest to China, which was willing to finance and build projects that companies of the West and Japan could not. Chinese companies also saw Myanmar as an attractive investment, owing to its...
Sitting above the Indian, Indochina and Eurasian plates, Myanmar is divided into four geographic belts, which help to provide a rich and diverse minerals mix. While most industries have benefited from an influx of foreign investment since the opening of the economy in 2011, the mining sector has yet to catch up. This is due to several reasons, including legal inconsistencies and ongoing civil...
Although it has one of the lowest electrification rates in the world, currently at about 30%, Myanmar is targeting total coverage by 2030. Despite the significant progress needed, the goal is seen as reachable, with Myanmar holding abundant hydro and solar resources, and considerable hydrocarbons potential. The country is also likely to be able to attract the capital to build the much needed...
Many have hailed Myanmar’s recent economic, political and social restructuring as ground breaking, and for good reason. In a relatively short period the country’s economy has gone from being largely isolated to being a focal point for foreign investment.
An upgrade to its fleet of tankers could help Brunei Darussalam’s liquefied natural gas (LNG) sector weather external headwinds, which appear unlikely to ease in the near to medium term.
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