MYANMAR’S exports of natural gas as of August-end in the current financial year amounted to US$3.5 billion, an increase of $430 million compared with the corresponding period of the previous fiscal, according to the Commerce Ministry.
The increase in the value of exports is linked to the rise in the price of natural gas in the global markets, according to an expert.
list of major export items of Myanmar. Over 20 per cent of the country’s total export earnings come from the sale of natural gas.
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 Yedagon, located offshore from Taninthayi and discovered in 1992. The Zawtika Project in the Gulf of Moattama mainly supplies natural gas to neighboring Thailand.
Production at Yadana and Yedagon is declining, and those projects will be halted in the coming years.
According to the second five-year National Development Plan (from 2016-2017 to 2020-2021), the Yadana, Yedagon, Zawtika, and Shwe gas projects are expected to collectively produce over 630 billion cubic feet of natural gas in the 2019-2020 fiscal year. — Ko Htet (Translated by Ei Myat Mon)
