{"id":227132,"date":"2015-01-23T16:39:47","date_gmt":"2015-01-23T08:39:47","guid":{"rendered":"http:\/\/charltonsnaturalresources.com\/?p=227132"},"modified":"2021-08-16T16:18:20","modified_gmt":"2021-08-16T08:18:20","slug":"uk-trade-and-investment-publishes-opportunities-for-british-oil-and-gas-companies-in-myanmar","status":"publish","type":"post","link":"https:\/\/charltonsnaturalresources.com\/en\/uk-trade-and-investment-publishes-opportunities-for-british-oil-and-gas-companies-in-myanmar\/","title":{"rendered":"UK Trade and Investment publishes ‘Opportunities for British oil and gas companies in Myanmar"},"content":{"rendered":"[et_pb_section fb_built=”1″ admin_label=”CNR NEWSLETTER” module_class=”cnl-wrapper” _builder_version=”4.4.3″][et_pb_row admin_label=”Header” module_class=”cnr-nl-header” _builder_version=”4.4.3″][et_pb_column type=”4_4″ _builder_version=”4.4.2″][et_pb_text admin_label=”Header” _builder_version=”4.4.3″]
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NATURAL RESOURCES<\/div>\r\n
Newsletter-Issue 017<\/div>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Logo” _builder_version=”4.4.3″][et_pb_column type=”4_4″ _builder_version=”4.4.3″][et_pb_text admin_label=”Logo” _builder_version=”4.4.3″]
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\"UK<\/div>\r\n
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\r\nJanuary 2015<\/span>\r\n

UK Trade and Investment publishes ‘Opportunities for British oil and gas companies in Myanmar<\/h1>\r\n
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Introduction    <\/h2>\r\n

In January 2015 UK Trade and Investment (UKTI<\/strong>) published \u201cOpportunities for British companies in Burma\u2019s oil and gas sector\u201d[1]<\/a> (UKTI Report)<\/strong>. The report provides an overview of Myanmar\u2019s oil and gas industry, information on recent licence awards, investment opportunities and Myanmar\u2019s production sharing contracts (PSCs<\/strong>)[2]<\/a>. 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 \u2013 the bulk of which is exported to China and Thailand.Political reforms introduced since 2011 have seen sanctions lifted by the E.U. and U.S., allowing international companies re-enter the market. In June 2014, the Myanmar Government (Government<\/strong>) awarded 20 international companies licences to explore and produce from offshore fields. Licences for another further 50 offshore blocks are expected to be announced in 2015\/16.1 The UKTI Report refers to Myanmar as Burma in accordance with British Government and Foreign Office policy.2 Charltons understands that all information contained in the UKTI Report was accurate at the time of publication. Charltons has not independently verified the accuracy of this information. All informa-tion relating to oil and gas contained in the UKTI Report should be considered in the context of changing global trends in the oil and gas industry.At present, Myanmar\u2019s domestic capacity is limited, meaning there is a demand for international participation across the entire supply chain. The Government is keen to work with responsible international businesses to ensure that best international industry standards are met.<\/p>\r\n<\/div>\r\n

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National Energy Management Committee<\/h2>\r\n

A National Energy Management Committee (NEMC<\/strong>) and an Energy Development Committee were also created in early January 2013 to strengthen coordination and planning among the energy sector\u2019s institutions. It comprises the Ministry of Oil and Gas (MOGE<\/strong>), the Ministry of Energy and 10 other government institutions involved in energy development and aims to streamline the country\u2019s national energy policy. It is chaired by the Minister of Energy. \r\n

The NEMC is responsible for the following:<\/p>\r\n