Natural gas export tops US$2 bln in ten months

DSC 1224 mk
Natural gas is included in the list of major export items of Myanmar. About six per cent of the country’s total export earnings come from the sale of natural gas. 

Myanmar’s exports of natural gas are estimated at US$2.194 billion in the past ten months (October-July) of the current financial year 2020-2021, the Commerce Ministry’s data showed.
Natural gas is included in the list of major export items of Myanmar. About six 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 being operated under foreign investment. Natural gas extraction is being made at the Yadana, the Yedagun, the Shwe, and the Zawtika offshore blocks as well as onshore drilling blocks, according to the statement of the Ministry of Electricity and Energy.
The Shwe natural gas field, located offshore from Rakhine State, was discovered in 2014. Natural gas extracted from the field 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 Region and discovered in 1992. The Zawtika Project in the Gulf of Mottama 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 2019-2020FY, $3.9 billion in the 2018-2019FY, $3.5 billion in the 2017-2018FY, $3.116 billion in the 2016-2017FY, and $3.445 billion in the 2015-2016FY, as per Commerce Ministry data. — KK/GNLM

Share this post
Hot News
Hot News
Cyclone shelters, ready to give shelter to disaster victims
Myanmar Vovinam team wins one gold, one bronze while boxing bags one silver in 31st SEA Games
100 baskets of summer paddy priced at some K800,000 in Pantanaw Township in May
Myeik District Rice Traders Association to buy paddy from Myeik Tsp at minimum rate of K700,000 per 100 baskets
Peace delegation led by Vice Chairman of New Mon State Party (NMSP) arrives in Nay Pyi Taw to participate in peace talks offered by the SAC Chairman
Union Information Minister addresses 3rd conference of Myanmar Writers’ Association
SAC Vice Chairman Deputy Commander-in-Chief of Defence Services Commander-in-Chief (Army) Vice-Senior General Soe Win comforts patients receiving medical treatment at Defence Services General Hospital (1000-bed) in Mingaladon Township
SAC Vice Chairman National Disaster Management Committee Chairman Vice-Senior General Soe Win meets with people affected by natural disasters, provides relief supplies to Mon State disaster management team
Vice Chairman of the State Administration Council Deputy Commander-in-Chief of Defence Services Commander-in-Chief (Army) Vice-Senior General Soe Win pays homage to remains of State Ovadacariya Shwethuwun Sayadaw
SAC Vice Chairman Deputy Commander-in-Chief of Defence Services Commander-in-Chief (Army) Vice-Senior General Soe Win and party offer certificates, titles to members of the Sangha who passed the Tipitakadhara Tipitakakovida selection exam