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Australian firm strikes record Burma offshore gas reserve
The discovery is the largest gas reserve in the history of offshore exploration in Burma, according to Naypyidaw.
Tagged: gas
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Burmese economic growth stymied by flooding: World Bank
The World Bank’s prediction that the Burmese economy would grow at some 8.2 percent this year has been slashed in the latest ‘Myanmar Economic Report’.
Oil and gas experts predict Burmese boomtown
Despite the slump in energy prices, oil and gas fields in Burma will soon be the busiest in Asia as investors begin to ratchet up their explorations.
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Business Weekly
Catch up on all this week’s business news from Burma.
Business Lead Story Natural resources News Rangoon
130 firms to exhibit at October oil & gas fair
One hundred and thirty firms from 22 different countries will exhibit a range of services and products at Burma’s inaugural oil and gas trade fair, which is to be held at the Myanmar Convention Centre on 15– 17 October.
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BURMA BUSINESS WEEKLY – 16 AUGUST 2014
BUSINESS in BURMA THIS WEEK: Thai firms queuing up for oil and gas contracts; post and telecoms market gets competitive; Air Bagan offers shares to staff; and the govt announces a plan to bring electricity to the entire country by the year 2030.
IFC supports privatisation of Rangoon power supply
The IFC will buy a stake in Rangoon’s state run power supplier the Yangon Electricity Supply Board in order to transform the ailing office into a “commercially viable corporate entity”.
Business Development Interview Lead Story News
Sizing up the energy giants
DVB speaks to Assoc Prof Nigel Finch of the University of Sydney on transparency in foreign investment in Burma and the relationship between the extractive industry and the Burmese people.
EITI: Getting Burma rigged for extractive surge
At its best, the EITI could temper irresponsible partners and federal misuse of funds. It could also add legitimacy to a windfall of investments in places and economies that many think are unprepared for rapid change.
Arakanese call for a share of natural resources profits
A petition campaign led by the RNDP has been launched in Arakan state calling for an equitable distribution of benefits from the region’s natural resources.
Poor governance in Burma’s extractive sector risks fuelling abuses: report
An influx of foreign investment in Burma’s extractive industries is likely to fuel human rights abuses and environmental degradation across the country, a new report warned on Wednesday
Burma fails on natural resource governance: report
Burma has the worst record on natural resource governance in the entire world, according to a new international study, which activists on Thursday described as a “warning” to global investors eyeing oil and gas deals in the country
Pipeline protestors face jail for ‘unlawful’ assembly
Ten Arakanese activists, who face up to one year in jail for staging an “unlawful” protest against a controversial China-backed oil and gas pipeline, appeared in court in western Burma on Monday
Police crack down on ‘unlawful’ gas pipeline protestors
At least three people were detained and questioned by local authorities in Arakan state on Friday, for their alleged role in staging an unauthorised protest against the Chinese-backed Shwe Gas Pipeline
Burma faces heightened ‘resource curse’: report
Flood of poorly regulated investment in Burma’s energy sector threatens to exacerbate endemic corruption and militarisation
Burma’s resource wealth: transparent as oil?
For sanctions against natural resource investment in Burma to be lifted without any transparency provisions is inherently misguided
Global protests target Burma pipeline
Activists in 20 countries hold coordinated protests at Shwe pipeline outside embassies of China, Burma, India and South Korea
Thai energy workers strike in Tavoy
Employees of PTT complain of low salaries and poor working conditions as strike threatens to bring further controversy to lucrative venture
Troops deployed to guard China pipeline
Burmese soldiers withdrawn from Kachin state seen in convoys heading to areas through which the Shwe pipeline will pass
Thai energy firm eyes Tavoy alternative
Shock cancellation of Tavoy coal-fired plant prompts Thai energy giant to moot possibility of constructing hydrocarbon plant in Burma
Govt ‘exploiting’ fuel price hike: campaigners
Doubling of electricity prices prompts accusations that government is capitalising on surplus of cash from sales to China and Thailand
Gas pipeline victims get pay-off
Burmese authorities offer compensation for Shan villagers forced off their land to make way for the China-backed Shwe gas pipeline
Bangladesh PM arrives in Burma
Sheikh Hasina leads most senior-level Bangladesh delegation to Burma in eight years, and is greeted by foreign minister at the airport
Bangladeshi PM in push for Burma gas
Sheikh Hasina due to visit Burma next week as Dhaka makes clear it desire for energy imports and an end to border disputes
Shell mustn’t ‘pre-empt’ Burma sanctions: UK
UK minister warns that Burma’s oil and gas sector remains off-limits to EU companies, following rumours of Shell entering Burma
Oil giant to wait on Burma expansion
French company Total already runs the Yadana gas project but says it will wait for signs of reform before it expands operations there
Burma gas campaigners hit brick wall
Calls for Shwe pipeline project to be shelved fall on deaf ears as Korean company hails successful completion of production tests
India and Burma set $3bn trade target
Neighbouring countries look to double trade as India grows increasingly concerned at China’s potential to nudge Delhi out of contention
Russian gas giant eyeing Burma
Executives from the largest gas company in the world Russia’s Gazprom in Naypyidaw for talks with govt officials
Bids in for onshore petro blocks
New bids for 18 oil & gas blocks submitted but foreign companies must include local companies in joint ventures
