Myanmar earns about USD3.5B from natural gas export

Zeya Nyein

NAYPYITAW (Eleven Media Group/ANN) – Myanmar earned about USD3.5 billion from natural gas export within 11 months in this fiscal year and earned over USD430 million more in the same period in the last fiscal year, said an official from the Ministry of Commerce.

Myanmar is producing 3.32 million barrels of crude oil and 623 trillion cubic feet of natural gas from 86 oil and gas wells in inshore and offshore oil fields in third year of this government term, according to the ministry.

Myanma Oil and Gas Enterprise and its partner companies explored 40 oil and gas wells in onshore oil fields this year and produced 2.31 million crude barrels and 19.019 trillion cubic feet of natural gas.