Myanmar earns US$1.087 B from natural gas export

Writer: 
Nilar

Myanmar earned US$1.087 billion from natural gas export until early August in this fiscal year, which amounts to US$77 million fewer than last year’s amount in the same period, according to Ministry of Commerce.

Myanmar is producing about 1.7 billion cubic feet of natural gas daily and exported about 1.5 billion cubic feet of natural gas to China and Thailand daily, according to Ministry of Electricity and Energy.

“We are exporting about 1.5 billion cubic feet of natural gas to China and Thailand daily through the pipelines. However, we are importing 50,000 barrels to use as fuel to meet the demand,” said Executive Geologist Kyaw Thura from Myanmar Oil and Gas Enterprise (MOGE).

Myanmar has 51 offshore blocks and 53 inland blocks and the MOGE is cooperating with foreign companies to make exploration in 25 out of 53 inland blocks and 38 out of 51 offshore blocks. The rest of the blocks are explored by the MOGE.

Myanmar is exporting natural gas mined and processed from Yetagun, Shwe, Zawtika and Yadanar natural gas projects.

Win Khaing, Union Minister for Electricity and Energy said in MOGE Geological Forum 2018 that the government is implementing to explore natural gas from new inland and offshore projects and if the natural gas is more than enough for local use, it will sell to regional countries, according to Ministry of Information.