Natural Resources Newsletter - 23 January 2015

Charltons-Natural-Resources-Newsletters-UK-Trade-and-Investment-publishes-opportunities-for-British-oil-and-gas-companies-in-Myanmar

  

UK Trade and Investment publishes 'Opportunities for British
oil and gas companies in Myanmar

In January 2015 UK Trade and Investment (UKTI) published "Opportunities for British companies in Burma's oil and gas sector" (UKTI Report). The report provides an overview of Myanmar's oil and gas industry, information on recent licence awards, investment opportunities and Myanmar's production sharing contracts (PSCs). The British Government opened a UKTI office in Myanmar in July 2012 to support responsible British investment and trade. 

Myanmar is estimated to possess 3.2 billion barrels of oil and 18 trillion cubic feet of natural gas reserves. Its unproven resources may be vastly greater. Currently Myanmar is the 10th largest producer of natural gas globally – the bulk of which is exported to China and Thailand.