Myanmar faces energy crossroads
Huge potential in the country’s energy sector faces equally sizeable challenges
Myanmar's government has announced new oil and gas tender plans just as green shoots are being sighted in Southeast Asian upstream investment. But the country's private sector has said tough fiscal measures must be carefully revised to entice international energy investment. The Ministry of Electricity and Energy plans to offer 18 onshore and 13 offshore blocks by the end of year, Daw Khin Htay, director of state-owned Myanmar Oil & Gas Enterprise (MOGE) told reporters on 13 July. She also revealed an added incentive that "it will no longer be mandatory to join with local firms", without giving further details. The tender is yet to generate the same intense interest seen in 2014, when
Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
