Friday, May 24, 2013
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Transport of oil and gas from Myanmar to China through the new pipeline may be delayed due to security concerns, a Myanmar energy official told Reuter last week. Construction of the 793-km pipeline will be completed by the end of May, according to Li Zilin, vice chairman of South East Asia Gas Pipeline...
Myanmar’s gas exports in the year 2012-2013 have hit record with a total earning of $3.7 billion. In the year 2011-2012, the country exported $3.5 billion worth of natural gas. Total earnings of $7.2 billion in the last to fiscals made gas the top export product of the country, eleven Myanmar reported.
Myanmar-China oil and gas pipelines are scheduled to become operational this year, CRI English reported quoting Gao Shuxun, vice governor of southwest China's Yunnan province. Gao on Tuesday said that the work in Chinese segment had gone well and construction in overseas sections will now speed up, CRI...
Tiwan's CPC Corporation has acquired 30% stake in Myanmar oil and gas block from China's Sinopec. Block D is located in the central basin of Myanmar and currently has six exploration wells, three wells have found oil and gas production potential, CPC said in a statement. Sinopec aquired full exploration...
Thailand’s national energy firm, PTT, has announced that Myanmar resumed gas supplies to the country on April 12, one day ahead of schedule. National News Bureau of Thailand (NNT) has reported that suspension of gas supplies has not caused any damages. PTT CEO and President Pailin Chuchottaworn...
Myanmar is likely to open bidding for 11 shallow and 19 deep-sea oil and gas blocks in June. This would be the second bidding round since the easing of US sanctions against the gas-rich country, Reuters reported. "Interested parties are to submit their letters of interest to the Director...
Myanmar’s gas exports for 2012-2013 are likely to reach $4 billion as they have already surpassed last year’s record of $3.5 billion. Eleven Myanmar newspaper said in a report that gas exports have risen in value by about 75 percent since fiscal year 2006 when they totalled about $2 billion.
Mitsui Oil Exploration Co. (MOECO) said in a statement that it has agreed to acquire a 20% interest in the Production Sharing Contract covering Block M-3 offshore Myanmar from PTTEP International Limited, a wholly-owned subsidiary of PTT Exploration and Production Public Company Limited and the current...
Australia's Raisama Energy Limited has signed an agreement with Chinthe Energy Limited to jointly pursue oil and gas projects in the Republic of Myanmar. Myanmar Oil and Gas Enterprise (MOGE), which regulates the upstream oil and gas sector on behalf of the Ministry of Energy, has announced the...
Mitsui Oil Exploration Company Limited (MOECO) has been in talks with Directorate of Investment and Company Administration (DICA) for investment potential in oil and gas sector of Myanmar. Senior officials from the Japanese oil and gas exploration firm met with officials of DICA and mainly discussed...