Since sanctions by the United States (US) and European Union (EU) were lifted, Myanmar has enjoyed relatively strong economic growth. According to the Economist Intelligence Unit (EIU), Myanmar’s economy has grown at an average of 7.5 percent between 2012 and 2017. Its economy is slated to accelerate further, driven by a spike in private and […]

The oil and gas sector is looking exciting this year, with opportunities emerging from an international tender scheduled to take place early this year for the first time since 2014. In addition to onshore and offshore blocks, the tender is expected to include work in “Improved Petroleum Recovery” blocks at older oil fields in Myanmar. […]

new draft of the petroleum law has been tabled. After the bill is amended, Hluttaw will enact in. However, before in comes into force, it can be amended if the people provide suggestions. Will the new law be effective in the case of the oil block tenders that will be called soon and for the […]

The Ministry of Electricity and Energy has announced the signing of a power purchase agreement (PPA) for the Upper Baluchaung hydropower project with Neo Energy Oasis Co Ltd, the builder of the project. The PPA was signed between Electric Power Generation Enterprise (EPGE), a unit of the ministry and Neo Energy Oasis on December 28. […]

Myanmar is planning to sell natural gas produced from PTTEP offshore block (MD-7) mainly for local use, sources said. The PTTEP, cooperating with Myanmar Oil and Gas Enterprise (MOGE), held a public talk to discuss and explain about environmental impact assessment (EIA) test with locals from Myeik on December 13. They met with locals in […]

DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]

The Mekong River, flowing from the Tibetan Plateau through Myanmar, Laos, Thailand, Cambodia and Vietnam to the South China Sea, is a hotbed of ecological diversity. The roughly 60 million people who live in the region, many in poverty, depend on the river and its tributaries for food and income. But a surge in hydropower […]

Posco Daewoo, the trading unit of Posco, held a groundbreaking ceremony for a solar plant that it will build for free of charge on an island in Myanmar in hopes of boosting ties with the country, the company said Sunday The latest project, put together at the request of Myanmar’s Ministry of Electricity and Energy, […]

SolarHome, a Singapore-based company that brings pay-as-you-go solar solutions into off-grid households in Southeast Asia, has received US$10 million in debt funding from a consortium of international investors, including Crowdcredit, a cross-border crowdfunding platform based in Japan, and Trine, a Sweden-based crowdfunding platform for off-grid solar. This follows a US$4.2 million in convertible note funding raised in […]

Singapore-based solar energy startup SolarHome announced that it has raised $10 million in debt financing from a consortium of investors including Japan-based cross-border crowdfunding platform Crowdcredit and Sweden-based crowdfunding platform Trine, it said in a statement on Wednesday. The investment follows on the $4.2 million raised via convertible notes earlier this year from Trirec, Insitor […]