Govt to earn K2,177 bn from oil and gas production, in royalties for pipeline connection this FY

Govt to earn K2,177 bn from oil and gas production, in royalties for pipeline connection this FY
Published 8 January 2019
Sithu Aung

The government has expected to earn K1,678 billion from offshore oil and gas production, K193 billion from inland oil and gas production and K306 billion in royalties for pipeline connection services in the current 2018-2019 fiscal year.

In the current FY, it is expected to produce 653,310 cubic million feet of gas offshore 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, 58,360 million cubic feet from Yetagon project and 868,360 barrels of condensate oil from Yetagon project.

As for the production of gas this FY, Yadana project is set to produce 44 percent of gas, Shwe project 28 percent, Zawtika project 19 percent and Yatagon project 9 percent.