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    Tagged: gas

    Lead Story Natural resources News

    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.

    Business Lead Story Natural Disasters News Trade

    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’.

    Business Lead Story News

    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.

    More

    Business Lead Story News Trade

    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.

    Business Business Weekly Lead Story News

    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.

    Development Lead Story News

    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.

    Analysis Lead Story News

    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 video

    Environment Lead Story Video

    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.

    Business

    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

    Politics

    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

    Politics

    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

    News Politics

    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

    Business News

    Burma faces heightened ‘resource curse’: report

    Flood of poorly regulated investment in Burma’s energy sector threatens to exacerbate endemic corruption and militarisation

    Analysis

    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

    Business News

    Global protests target Burma pipeline

    Activists in 20 countries hold coordinated protests at Shwe pipeline outside embassies of China, Burma, India and South Korea

    Business News

    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

    News Politics

    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

    Environment News

    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

    Business News

    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

    Business News

    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

    News Politics

    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

    Business News Politics

    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

    Business News

    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

    Business News

    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

    Business News

    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

    Business News

    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

    Business News

    Russian gas giant eyeing Burma

    Executives from the largest gas company in the world Russia’s Gazprom in Naypyidaw for talks with govt officials

    Business News

    Bids in for onshore petro blocks

    New bids for 18 oil & gas blocks submitted but foreign companies must include local companies in joint ventures

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