13.44 million tons of gas, 19 million tons of crude oil exported to China till June this year

13.44 million tons of gas, 19 million tons of crude oil exported to China till June this year
Published 29 July 2019
Sithu Aung

Since Myanmar-China oil and gas pipelines were opened till June 2019, Myanmar exported 13.44 million tons of gas and 19 million tons of crude oil to China, according to data from the Yunnan Province government. 

The pipeline is around 1,420 kilometers long. Through this pipeline, gas export started in 2013 and crude oil export in 2017. 

In the current 2018-2019 fiscal year, Myanmar is expected to earn K1,678 billion from offshore oil and gas production, K193 billion from onshore oil and gas production and K306 billion in royalties. 

This fiscal year, it is also expected to 653,310 million cubic feet from offshore oil and gas projects—288,350 million cubic feet from Yadana project, 182,500 million cubic feet from Shwe project, 124,100 million cubic feet from Zawtika project and 58,360 million cubic feet from Yetagon project. Moreover, 868,360 barrels of condensate can be produced this year from Yetagon project. Rates of gas production in the current financial year are 44 percent from Yadana project, 28 percent from Shwe project, 19 percent from Zawtika project and 9 percent from Yetagon project. 

From oil and gas exploration and production this year, the government is expected to earn K1678716 million including K386,283 million in revenues, K20,400 in signature bonus and K1,272,033 million, K193,615 million from inland oil fields and K306,392 million in royalties totalling K2,178,723 million.