Natural gas export tops US$1.2 bln in seven months (Oct-Apr)

Natural Gas NS
Natural gas is included in the list of major export items of Myanmar. Over 10 per cent of the country’s total export earnings come from the sale of natural gas.

Myanmar’s exports of natural gas in the seven months (Oct-Apr) of the current financial year2020-2021 amounted to US$1.238 billion, the Commerce Ministry’s data showed.
The figures indicated a sharp drop of $880 million compared to the year-ago period. During the corresponding period of last FY, Myanmar’s natural gas export generated an income of $2.124 billion.
Natural gas is included in the list of major export items of Myanmar. Over 10 per cent of the country’s total export earnings come from the sale of natural gas.
There are 53 onshore blocks and 51 offshore blocks, totalling 104 blocks. A total of 25 onshore blocks and 31 offshore blocks are operating under foreign investment. Natural gas extraction is being made at the Yadana, the Yedagun, the Shwe, and the Zaw Tika offshore blocks and onshore drilling blocks. According to the Ministry of Electricity and Energy, yearly extraction is elevated to cubic feet 670.36 billion from 600 billion last year.
The Shwe natural gas field, located offshore from Rakhine State, was discovered in 2014. Natural gas extracted from the area is exported to China.
The Yadana natural gas project is being carried out by the TOTAL Company, with its pipeline supplying natural gas to Thailand. Natural gas is also extracted in Yedagun, located offshore from Taninthayi and discovered in 1992. The Zawtika Project in the Gulf of Moattama mainly supplies natural gas to neighbouring Thailand.
Production at Yadana and Yedagun is declining, and those projects will be halted in the coming years.
Myanmar’s exports of natural gas stood at $3.5 billion in the 2019-2020 FY, $3.9 billion in the 2018-2019 FY, $3.5 billion in the 2017-2018FY, $3.116 billion in the 2016-2017 FY, and $3.445 billion in the 2015-2016 FY, as per Commerce Ministry data. – KH/GNLM

Share this post
Hot News
Hot News
Yangon circular train services temporarily suspended for Thingyan Festival
One of the most consumed, Nga-gyi-gan fish price higher in the market
Myanmar Rescue Organization provides water to insufficient areas and plans to continue to help
Putao to Mt Hponkanrazi climbing tour arranged in April to enjoy the greatest beauty with dense snow caps
Car rental for travelling recently increases, day trips around Yangon rise
Promoting yam eating culture in Myanmar to develop domestic market
SAC Chairman Commander-in-Chief of Defence Services Senior General Thadoe Maha Thray Sithu Thadoe Thiri Thudhamma Min Aung Hlaing delivers speech at 79th Anniversary of Armed Forces Day parade
Tatmadaw families led by Senior General Min Aung Hlaing and wife pay respect to retired senior military officers who attended 79th Anniversary of Armed Forces Day ceremony
SAC Chairman, senior military officers pay tribute at Memorial to Fallen Heroes in Nay Pyi Taw
Senior General: National Defence and Security Council to facilitate transition to democratically elected government