There is a high risk that political turmoil in Myanmar will negatively affect the energy sector, however, Chinese companies look set to benefit from the tumultuous environment, according to Fitch Solutions Country Risk & Industry Research.
The bloodless military coup in Myanmar has triggered some upstream companies to assess whether they should activate force majeure clauses in their production-sharing contracts (PSCs) with the government.
Myanmar’s military coup has become Asia’s most significant political development in 2021 so far. In many ways, the coup brought back memories of times long gone – Aung San Suu Kyi, who has marked another landslide victory in the November 2020 general election, was swiftly detained by the military allegedly for the possession of illegally […]
Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.
This week’s military coup in Myanmar could have a longer-term impact on the nation’s energy security if key gas field developments do not progress as scheduled, according to a report.
The coup began Monday with the arrest of elected leader and long time democracy figurehead Aung San Syu Kyi and other democratically elected leaders including president Win Myint, nine years after the long serving military junta unexpectedly stepped aside to allow the first real elections in decades.
The military coup in Myanmar threatens to disrupt energy investment in the country’s oil, gas and power sectors as companies assess the risk of operating amid heightened political uncertainty and the potential for renewed international sanctions.
Tokyo — Japan’s Ministry of Economy, Trade and Industry does not see any immediate impact on the energy businesses of Japanese companies in Myanmar after the military seized power on Monday, detaining State Counselor Aung San Suu Kyi and other senior members of the Southeast Asian country’s ruling party.