Myanmar has signed agreements with private companies to redevelop old oil fields under a “Well-by-Well Basic” system and has begun implementation, said U Tin Aung San, Chairman of the Electricity and Energy Development Commission and Union Minister at the President’s Office (1).
Speaking at the commission’s fifth coordination meeting in Nay Pyi Taw on February 24, he said the government is accelerating electricity and energy projects in line with national policies. Over the past year, key tasks have been implemented in cooperation with ministries and regional governments.
In the power sector, a 40-megawatt solar plant in Thazi has been connected to the national grid, while another 40-megawatt plant in Thapyaywa is set to come online in early March. A 500-megawatt LNG project began commercial operations on January 14, 2026. The government also plans to expand large-scale hydropower projects to meet future electricity demand.
In the oil and gas sector, AI-based pilot projects are being launched to boost natural gas production from tight reservoirs. Onshore seismic surveys have been completed in Kyaiklet, Twantay and Kawhmu townships, and a production-sharing contract has been signed for the M-10 offshore block (Min Ye Thu Project). The No. 1 Thanlyin Refinery’s new Phase I project will begin operations soon — the first new refinery to open since 1982.
The minister stressed that energy security is essential for Myanmar’s economic growth and achieving Sustainable Development Goals (SDGs). As the country has abundant hydropower, wind and solar resources, he urged systematic and sustainable use of these resources, along with stronger legal frameworks, responsible investment, modern technology adoption and skilled human resource development to achieve long-term energy sufficiency.
