27.8 C
Thursday, October 6, 2022

Myanmar Junta Trumpets Continuing Flow of Natural Gas Revenues – The Diplomat

Myanmar’s military junta earned more than $800 million from natural gas exports in the four months from April to July, the state-run Global New Light of Myanmar reported yesterday. The newspaper cited figures from the junta’s Ministry of Commerce claiming that the country exported 77.89 million kiloliters of natural gas during the above period, mostly to Thailand and China. This landed the government $819 million, which the paper claimed was an increase of $60.7 million on the same period last year.

According to the report, this came on top of the $1.72 billion that the Commerce Ministry claims it earned from natural gas exports in the two quarters from October 2021 to March of this year, bringing its total to more than $2.5 billion in less than a year. Most of this gas is from the Yadana, Yetagun, Shwe, and Zawtika offshore gas fields.

The announcement is likely to…

Read more…

See also  SQ hotels want wider base

Related Articles

Translate page to 11 different languages
ArabicChinese (Simplified)DutchEnglishFrenchGermanItalianPortugueseRussianSpanishThai

Latest Articles