Yangon, Myanmar28-30 October 2014

Vast Investment Opportunities in Myanmar

There has never been a better time to explore the huge opportunities in Myanmar, with the country’s vast array of unexplored and under-explored territories putting Myanmar on the global energy map, the upcoming bidding rounds for new blocks, as well as the government initiatives aiming to open up Myanmar to investment.

Here are just a few reasons  why Myanmar is set to become a key player in the global gas industry:

  • Myanmar benefits from its geographical positioning close to the fast-growing economies of China and India, where raw materials are in huge demand, providing a ready market for Myanmar’s mined minerals
  • The Ministry of Energy (MOE) said 29 lucrative offshore blocks will be offered alongside 34 onshore blocks in the next bidding round
  • Global gas demand to rise 17% by 2017 – driven by increasing demand from Asia and the US, while China’s natural gas demand is set to double by 2017 according to a new IEA report
  • The FDI law is set to be enacted into the law, following some minor amendments 
  • Myanmar will be implementing the Extractive Industries Transparency Initiative, which will make it more convenient for internationals to operate in the country
 “Probably the best investment opportunity in the world right now is Myanmar”
Jim Rogers, Rogers Holdings and Beeland Interests
Source: Reuters
 
“Myanmar could see strong growth if it pursues the necessary reforms to take advantage of its rich natural resources, young labour force, and proximity to some of the world’s most dynamic economies, including China and India.”
Meral Karasulu, IMF mission chief for Myanmar
Source: Reuters

  

These and many more opportunities will be discussed at the Myanmar Upstream Summit. To find out more please contact:

Odiri Umusu
oumusu@thecwcgroup.com
+44 (0) 20 7978 0083

 

 

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