In 2015, Shell announced their plan to build an LNG terminal in the Dawei special economic zone (DSEZ) in Myanmar. However, there was no further update on the issue until Sept 2016 when the government of Myanmar announced it was seeking an expression of interest in partnerships in an LNG Import terminal.
LNG plays a highly important role in the Myanmar government’s long-term plan to solve the nation’s power shortage problem. This is becoming increasingly severe due to Myanmar’s large ongoing industrialisation program. With limited options of alternative sources of energy such as coal or nuclear, the government seems to be moving toward LNG as their preferred solution to meet the power demand.
Nevertheless, the wider adoption of LNG brings many challenges to this country, which only as recently as 2016 saw sanctions fully lifted, allowing it to move out of its 20 years of isolation and stagnation. The international sanctions regime, coupled with the country’s internal political situation, effectively brought Myanmar’s economy to a standstill over the past 20 years.
The country is eagerly looking forward to a new dawn, and opportunities are plentiful. So, too, are risks. The situation remains volatile, and would-be investors in the energy sector need to take great care as they formulate their strategies.
If you are keen to explore this golden opportunity to enter Myanmar’s LNG industry, make it your first step to contact us at: firstname.lastname@example.org or attend any of our dedicated events in Myanmar.
Upcoming LNG Event Calendar
- LNG Myanmar 2017: 14 – 16 June 2017 [Download event brochure here]