Myanmar Expected to Export 515 bcf of Gas in 2016-17

Myanmar’s Yadana, Yetagon, Zawtika and Shwe gas projects are expected to collectively produce 515 billion cubic feet (bcf) of natural gas for export and 160.6 bcf for local use in the 2016-2017 fiscal year (Apr-Mar), according to the second five-year National Development Plan (from 2016-2017 to 2020-2021).  

Yadana project will produce 206.2 bcf while Yetagon is likely to produce 73.4 bcf, Eleven Myanmar reported on Monday. Zawtika project is expected to produce 89.4 bcf and Shwe 146 bcf.

According to the Myanmar Oil and Gas Enterprise (MOGE), the total gas production during this fiscal year will reach 689.8 bcf, including 14.2 bcf from onshore blocks and 675.6 bcf from offshore blocks.

Under the second five-year National Development Plan, oil and gas laws and bylaws will be amended and drafted in order to satisfy energy demands for the country’s economic development, Eleven Myanmar added.  

Gas from the Yadana, Zawtika and Yetagon projects is exported to Thailand, while the Shwe project supplies gas to China.