| SUBJECT： |
MOGP Summit ( Myanmar Oil, Gas & Power ) |
| DATE： |
2012-03-28 |
| LOCATION： |
Traders Hotel, Yangon - Ballroom 2 |
| CONTENT： |
CMT's MOGP Summit (Myanmar Oil, Gas & Power), officially organised by CMT and Myanmar's Ministry of Energy, is the ONLY conference providing first-hand information and answers, preparing industry majors and investors as well as service and support companies for ventures into Myanmar's energy sector. Comprised of key officials from MOGE, as well as independent experts, the authoritative panel offers clear directives and balanced perspectives on the opportunities ahead in Myanmar's oil and gas sector.
Under the new reform climate Myanmar's future looks bright with keen investor uptake in key sectors including the pivotal Oil/Gas industry . The new year saw the continuation of the amazing shifts in policy by the recently set up civilian government. The much awaited key reforms are reciprocated by Western governments sending in high level officials and culminating in the proposed exchange of Ambassadors between the American and Myanmar governments.
Myanmar's onshore and offshore mineral potential is too great for investors to ignore. Whilst awaiting the expected removal of economic sanctions against the New Myanmar the international oil and gas executives are planning and preparing for their participation in the lucrative oil and gas deals. CMT's MOGP Summit is a very useful platform.
In early January, ten onshore oil and gas blocks were awarded to 8 companies in Myanmar's biggest energy tender in years. Largely untapped resources, the country's proven crude oil reserves at 3.2 billion barrels and gas reserves at 11.8 trillion cubic feet have drawn interest from China, India, Russia, Switzerland and South East Asia. The Ministry of Energy (MOE) and Myanmar Oil and Gas Enterprise (MOGE) are NOW looking at the next offering of Nine offshore energy blocks to bidders.
The rapid reforms with the support of global investments will set the New Myanmar economy on a fast-track growth. Correspondingly, infrastructure obstacles such as for ports and storage terminals, pipelines, transportation network have to be overcome and most importantly supply of electric power and utilities. Debating between the need to drive up utilities provision and social well-being of the people, the government recently announced the suspension of the Myitsone hydropower dam project and cancellation of a coal-fired power plant in Dawei port development. What is the Electric Power Ministry's plan for Myanmar's power utilities demand? |
| Original file： |
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| Promulgator Detail |
| Contact: |
Ms. Huiyan |
| Tel: |
65-63469113 |
| Fax: |
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| E-mail: |
reply |
| Address: |
Traders Hotel, Yangon - Ballroom 2 |
| Website: |
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