Given the worsening civil strife tearing down Myanmar, Ayala-led firm AC Energy Corporation indicated that it is temporarily slowing down on its renewable energy ventures in that country. “Regarding Myanmar, we will have to wait until the situation stabilizes before we can expand,” AC Energy President and CEO Eric T. Francia said.

The Myanmar junta is pressing ahead with a plan to reopen a disused oil refinery in Yangon’s Thanlyin Township, which a state-owned Indian company has expressed an interest in taking over.

Myanmar‘s military rulers have approved new investment in projects worth nearly $2.8 billion, including a liquefied natural gas (LNG) power plant that will cost $2.5 billion, the country’s investment body said. Approvals for 15 projects were given on Friday by the Myanmar Investment Commission, according to a statement on the website of the Directorate of […]

Myanmar’s military has received hundreds of millions of dollars from natural gas sales through a financial scheme linked to the Myanmar-Thailand pipeline, a French newspaper has reported.

TAIPEI/YANGON — Chinese energy companies contracted to build power plants in Myanmar have had their projects put on hold, and some are considering exiting the market, in a sign of how the military coup in the Southeast Asian country may be deterring even thick-skinned Chinese investors.

The Rockefeller Foundation has pledged $1.5m to support developing countries in their move away from fossil fuels. The fund is part of a facility launched by the Energy Transition Council, a global coalition of leaders committed to achieving net-zero emissions by mid-century

SEOUL: South Korean steelmaker POSCO said on Monday it does not believe its unit POSCO International’s gas projects in Myanmar have a direct link to the military which seized power there in February. The unit’s gas business had existed for about 20 years, persisting through regime change, and related payments were paid to the Myanmar […]

Malaysia’s state energy firm Petronas said on Friday that its Myanmar unit had declared force majeure on its Yetagun field on Thursday due to depletion of gas production. The decision came after challenges that resulted in the production rate dropping below the technical threshold of the offshore gas processing plant, Petronas said in a statement. […]

The Mekong River Commission (MRC) released a ten-year basin development strategy and a five-year strategic plan Monday to address challenges and improve the state of the basin. In a statement released in Vientiane, the MRC said it expected to spend more than US$60 million on the strategic plan over the next five years. It said […]