Key hydro projects move forward

Hydropower will continue to play a dominant role in Myanmar power, according to minister of electricity and energy U Win Khine. Four key hydropower projects will move forward, adding a combined 594 megawatts of renewable energy to Myanmar’s ene

Korean firm to invest nearly USD 100 million in gas field

Korean firm POSCO International has announced that it will invest 108.6 billion won — just over USD 97 million — in the exploration of Myanmar’s A-3 offshore bloc. POSCO, which already operates in Myanmar’s offshore gas fields, will

Indian officials’ visit ends in new deals

An official visit by India’s foreign secretary Harsh Vardhan Shringla and army chief Manoj Mukund Naravane has yielded several high-value agreements or proposed agreements, including finalizing the launch of a new port in Rakhine State and a pr

India proposes USD 6 billion refinery

A visit by two top Indian officials has ended with a proposal for an India-backed, USD 6 billion petroleum refinery near Yangon. The proposal was discussed in meetings between Myanmar officials and India’s foreign secretary Harsh Vardhan Shring

Petronas cuts workers at Yetagun gas field

Amid a general decline in production, Malaysian oil and gas firm Petronas has reportedly begun cutting workers at its offshore sites in Myanmar’s Yetagun gas field. The news came from a Petronas employee speaking to the Myanmar Times under the
Natural gas exports brings in close to USD 3 billion

Natural gas exports brings in close to USD 3 billion

Amidst a collapse of global oil and natural gas prices, Myanmar’s exports of natural gas over the past ten months of current fiscal year amounted to USD 2.97 billion said the latest data from the Ministry of Planning, Finance and Industry. It is a