Energy demand in Myanmar is rising fast. The country is abundantly rich in natural energy resources, but the investment of capital and technology will not be able to unlock these resources in time to fulfill the growing need for power.
Myanma Petrochemical Enterprise (MPE) has invited local and foreign companies to submit proposals for a further slate of joint ventures, according to an announcement on May 25.
“In 2016, we will announce bidding rounds for 26 oil and gas blocks including onshore and offshore. The future bidding rounds are aiming to supply sufficient energy for domestic use,” reported Myanma Alinn on 2 June, citing an MOGE official.
The 79th ASCOPE National Committee Meeting was hosted in Bangkok, Thailand on the 21st of May 2015 under the theme “Go Together, Grow Together”.