Myanmar bank energy storage

What is the energy saving potential of Myanmar?

According to the 2015 Asian Development Bank report ‘National Energy Eficiency and Conservation Policy, Strategy and Roadmap of Myanmar’, electricity consumption in all sectors and achievable energy saving potential should reach 12% by 2020, 16% by 2025, and 20% by 2030.

How much energy does Myanmar have?

In 2017, Myanmar’s proven energy reserves comprised 105 million barrels of oil, 5.56 trillion cubic feet of gas, and 542.56 million metric tonnes of coal. The country is a net exporter of energy, exporting substantial amounts of natural gas and coal to neighbouring countries. However, it imports around 90% of its total oil requirements.

Why is Myanmar's energy sector underdeveloped?

Myanmar's energy sector has been underdeveloped due to global isolation and lack of financial and technical capacity. This is the first energy sector assessment, strategy, and road map for Myanmar prepared by the Southeast Asia Energy Division of the Asian Development Bank (ADB).

What is the energy sector in Myanmar?

The energy sector in Myanmar includes the oil and gas subsector, where local refineries are operating below capacity. The growing demand for energy has led to an increase in the importation of petroleum products and improvement of domestic refinery operation and capacity.

How is the oil and gas sector managed in Myanmar?

In Myanmar, the oil and gas sectors are handled and governed by the government, specifically MOGE, Myanmar Petrochemical Enterprise, and Myanmar Petroleum Products Enterprise, under the Ministry of Electricity and Energy (MOEE). Their technical, managerial, and negotiation skills are reportedly lower than those of competing international companies.

What are the main sources of energy in Myanmar?

Myanmar: Energy Sector Assessment, Strategy, and road map (2016) identifies coal, gas, and diesel-Fired power plants as the main sources of energy.