Tuesday, October 23, 2012

Myanmar natural gas income hits US$ 1.7B

Myanmar natural gas export income during the previous six months hit almost $1.7 billion and is likely to reach more than US$3.5 billion this fiscal year, according to Ministry of Commerce.
The year Myanmar received the highest income ($3.46 billion) from natural gas export was 2011-12 fiscal year, according to figures from the ministry.
From April 1 till the end of September this fiscal year, Myanmar received nearly $1.7 billion from natural gas export.
“Last year the country received more than $3.46 billion from natural gas export. It was the highest throughout the history. Every year, the export income in the first half of a year was less than that of the second half. We expect more in the second half of this year.” said an official from Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).
World Energy Review 2011 revealed that Myanmar was No.14 highest exporter for natural gas in the world.


Source elevenmyanmar

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