Energy

In 2010, a total of 11 coal-fired plant deals were signed by the Ministry of Electric Power. However, due to opposition for a variety of reasons, very little capacity has been built. From an economic standpoint, there is the position that the country is so in need of electricity that it must make compromises and accept a certain level of...

Myanmar’s deepwater acreage is expected to hold significant gas potential. Given recent oil prices, how would you assess the investment climate for large-scale energy projects?

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...

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...

For over a decade, proposals to partly privatise state-run oil firm Petróleos del Perú (PetroPerú) and allow it to return to upstream activities have been debated in Peru’s Congress. Following the privatisation of the oil industry in the early 1990s, the company has been restricted to refining, transporting and commercialising petroleum...