Japan counters China with massive LNG plant
The government has given three Japanese firms and a Myanmar partner approval to proceed with what will be one of the largest gas-fired power plants in the country. The liquid natural gas (LNG) plant will be located in Yangon Region’s Thilawa Sp
Indian gas firm ups investment
ONGC Videsh, India’s state-owned overseas-focused energy firm, will add USD 121 million to its already sizable investment in oil and gas blocks on the Rakhine State coast. The funding, which was recently approved by India’s Cabinet Commit
Two new oil refineries planned
The Ministry of Electricity and Energy announced plans for two new high-quality oil refineries to be constructed along the Myanmar-China Crude Oil Pipeline. Speaking to members of the press, permanent secretary of the ministry, U Tin Maung Oo, said t
How will the energy crash affect Myanmar?
In Myanmar, fuel is now as cheap as water. As global oil and gas values plummet, the price of petrol reached record lows this week, dropping to around MMK 300 per liter for 92 octane fuel, which, Myanmar Times pointed out, is roughly the same as a sm
Hong Kong and Chinese partnership to invest USD 800 million in power projects
A partnership between a private Hong Kong company and a Chinese state-owned enterprise will invest USD 800 million in three new power plants. Hong Kong-listed VPower Group announced that it will establish a joint venture agreement with Chinese state-
