Business News
Domestic natural gas to triple in Myanmar in next decade
Nov 30, 2009, 11:24 GMT
Bangkok - The supply of natural gas for domestic use is to triple in Myanmar over the next decade, the Myanmar Times reported Monday quoting the Myanma Oil and Gas Enterprise (MOGE).
The gas is due to come from two major projects coming on stream - Shwe and Zawtika - leading to increases in onshore gas production, and the construction of a new pipeline linking the older Yadana offshore gas project with the capital Yangon.
Gas exports are also scheduled to increase, almost doubling over the same period, said U Myint Oo, MOGE's acting managing director earlier this month.
In fiscal 2008-2009 year, Myanmar earned 2.38 billion US dollars from natural gas exports to Thailand, according to Myanmar government figures cited by the paper.
Electricity generation from natural gas in Myanmar is to drop from 39.8 per cent of the total in 2005 to just 4.3 per cent in 2030, when almost 95 per cent of electricity is due to come from hydropower projects.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
