ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Energy

Thai PTTEP set to invest $2bn in Myanmar gas fields and power plant

State-owned explorer to ramp up operations to address neighbor's energy shortages

As urbanization and industrialization moved forward in Myanmar, hydroelectric power, which had previously been the main domestic power source, could no longer keep up with surging demand.   © Reuters
YUICHI NITTA, Nikkei staff writer | Myanmar

YANGON -- PTT Exploration and Production, a unit of Thailand's state-owned energy conglomerate PTT, plans to invest $2 billion in the development of natural gas fields and power plant construction in Myanmar. The move will expand the company's operations in the neighboring country, which is experiencing chronic power shortages.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close