Woodside Petroleum has joined to new politicised trend for energy companies to make political investment decisions after several years of intimidation by banks and environmental activists on climate change by shutting down a natural gas project in Myanmar citing reasons of human rights.
Jan 21 (LNGJ - French major TotalEnergies has decided to initiate the contractual process of withdrawing from the Yadana natural gas field in Myanmar, also known as Burma, both as operator and as shareholder, without any financial compensation for TotalEnergies.
“Following the coup of 1st February 2021 in Myanmar, TotalEnergies has firmly condemned on several occasions the abuses and human rights violations taking place there. Since then, our company's decisions have been guided by clear principles,” said TotalEnergies.
The southeast Asian nation of Myanmar has entered the LNG business with the delivery of two LNG cargoes from Malaysian state energy company Petronas, destined for the port of Yangon for a Chinese-owned power joint venture.
The Southeast Asian nation of Myanmar is making progress in constructing a liquefied natural gas import terminal to support a regional power plant project backed by a Chinese company.
Woodside, the Australian energy company and LNG plant operator, said that its A-6 Development offshore Myanmar in southeast Asia has now moved from exploration and appraisal to the pre-front-end engineering design phase.
Doris Engineering, the French energy contracts company, and Hyundai Heavy Industries of South Korea have been awarded the front-end engineering and design contract for the phase-three development of a key natural gas project offshore Myanmar in the Bay of Bengal.
Chinese LNG imports for the first six months of 2018 were led by nations such as Australia and Qatar as they increased by just over 50 percent to 23.90 million tonnes compared with 15.89MT in the same first six months of 2017.
Myanmar is expected to begin importing liquefied natural gas by 2020 using floating storage and regasification units to supply three gas-fired power plants already under development.
May 2 (LNGJ) - French energy company Total has started production from the Badamyar natural gas project in the South-East Asian nation of Myanmar. It is located 220 kilometres offshore from the port of Yangon and will enable an extension of the Yadana gas field and its 8 billion cubic metres per year production plateau beyond 2020. “Completed on schedule and with costs 20 percent below budget, this second start-up by Total in 2017 demonstrates our capacity to effectively implement cost reduction programs,” said Arnaud Breuillac, President and Exploration and Production at Total. “This project underscores Total’s commitment to develop gas projects to provide Myanmar and Thailand with affordable, reliable and clean energy to support economic growth over the coming years,” added Breuillac.
The Myanmar government is planning an international tender during the second quarter for the Asian nation to acquire its first LNG import facility in the form of a floating storage and regasification unit.