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NEW UPDATES Asean Affairs    15 January 2015  

UK govt promotes Myanmar oil and gas opportunities

The British government has just released a report championing the good opportunities for British companies interested in investing in Myanmar’s oil and gas sector.

“Opportunities for British companies in Burma’s oil and gas sector” is a 16-page report published January 9 by the UK Trade and Investment department.

The report claims Myanmar is “one of the world’s hotspots for oil and gas exploration” with estimated gas reserves of 10 trillion cubic feet and oil reserves of 50 million barrels.

The report aims to help British businesses identify opportunities in the oil and gas sector by describing recent developments, including the efforts by the President U Thein Sein government to open up the country, and looking at the legal framework and examining responsible business practices.

The report includes a review of recent license awards, how offshore Production Sharing Contracts work in Myanmar, and looks at the opportunities in the sector.

At present, Myanmar’s local capacity is limited, which means there is a demand for international suppliers across the entire supply chain, the report says.

Nay Pyi Taw is keen to work with responsible international businesses to ensure that international standards in health, safety and the environment are met.

Although the report is upbeat on prospects in Myanmar, it has been released at a time when world oil prices have taken a dive, leading to questions short to medium term over investment in the oil and gas sector worldwide, including Asia.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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