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    Myanmar Oil & Gas Infrastructure Overview


    January 20, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Myanmar Oil & Gas Infrastructure Overview

      • 20 Jan 2022
      • Myanmar
      • Oil & Gas

      In spite of a sizeable domestic fuels deficit and an undersupplied consumer market, high risk factors curb investor appetite for new refinery developments and upgrades in Myanmar’s downstream sector. A prolonged downturn forecast in global LNG prices have seen natural gas, LNG-related power projects worth almost 4,000MW in combined capacity secure government approvals over the past few quarters, although project risks continue to be high.

      Oil Refineries
      Location Name Capacity ('000b/d) Status Completion Ownership
      Chauk Chauk 6,000 Active 1951 Myanma Petrochemical Enterprise
      Thanpayarkan Thanpayarkan 25,000 Active 1982 Myanma Petrochemical Enterprise
      Thanlyin Thanlyin 26,000 Active 1955 Myanma Petrochemical Enterprise
      Dawei Dawei 100,000 Proposed - Guangdong Zhenrong Energy Company (70.0%), Domestic Firms (30.0%)
      Source: Fitch Solutions
      Oil Storage

      Myanmar has not yet committed to any strategic crude oil stockpiling, although the National Energy Management Committee, an entity created to formulate energy policies and to assume oil stockpiling responsibilities from the Ministry of Energy, has plans to build up to 30 days of import cover by 2020 and 45 days by 2045.

      As shown below, there are seven fuel terminals operated by state-owned MPPE and MPE in Myanmar. In addition, China’s state-owned CNPC operates 12 crude oil storage tanks in Kyaukphyu with total capacity of 1.2Mcm (equivalent to 20,600b/d or 7% of 2018 consumption), while six privately-owned fuel terminals are in operation in Thilawa, with a combined storage capacity of over 303,000cu m (5,200b/d or 2% of 2018 consumption).

      State-Owned Fuel Terminals In Myanmar
      Terminal Location Capacity, cu m Owner
      Bassein Ayeryarwady 946 MPPE
      Chauk Magwe - MPPE
      Mandalay Mandalay - MPPE
      Moulmein Mon State 2,271 MPPE
      Popaywa Mandalay - MPPE
      Taungdwingyi Magwe - MPPE
      Thanlyin Yangon 875,538 MPE
      Source: ERIA, Fitch Solutions
      Pipelines
      Major Oil & Gas Pipelines In Myanmar
      Pipeline Purpose Owner(s) Remarks
      Shwe-Kyaukpyu-China Natural Gas MOGE, CNPC Export pipeline to China, includes three off-take points for domestic use, at Yenangyaung, Taungtha and Belin
      Yadana-Kanbauk-Thailand Natural Gas MOGE Export To Thailand
      Yangon-Magway Natural Gas MOGE Brings offshore gas from southern coast to inner-country, Shwedaung-Magway section reportedly out of order as of September 2018, due to a leak
      Yetagun-Kanbauk-Thailand Natural Gas MOGE Export To Thailand
      Zawtika-Kanbauk-Thailand Natural Gas MOGE Export To Thailand
      Letpando-Ayadaw Crude Oil MOGE
      Made Island-Yunnan, China Crude Oil MOGE, CNPC Export pipeline to China
      Mann-Thinlyin Crude Oil MOGE
      Thargyitaung-Kamma Crude Oil MOGE
      Source: ERIA, Fitch Solutions
      Gas-To-Power Projects
      Planned & Proposed Gas, LNG-To-Power Projects In Myanmar
      Location Power Capacity, MW Feedstock Type Completion Date Companies
      Ahlone 151.5 Gas 2020 Energy China (CEEC)
      Ahlone LNG 365 LNG 2024 Italian-Thai Development, Toyo Engineernig Corporation
      Kanbauk Phase I 615 LNG On Hold Total, Siemens
      Kanbauk Phase II 615 - 830 LNG - Total, Siemens
      Kyauk Phyu 135 Gas (Shwe) mid-2020 Sinohydro, Supreme Group
      Kyauk Phyu I, II 150 - Cancelled VPower Group
      Kyauk Phyu III 172 - Cancelled VPower Group
      Kyun Chaung 23 Gas 2020 VPower Group
      Mee Laung Gyaik Phase I 500 LNG end-2022 Zhefu Holding Group, Yunnan Provincial Energy Investment Group Co. Ltd., UREC, Supreme Group
      Mee Laung Gyaik Phase II 890 LNG - Zhefu Holding Group, Yunnan Provincial Energy Investment Group Co. Ltd., UREC, Supreme Group
      Myan Aung 20 - - -
      Myingyan I 90 - Cancelled VPower Group
      Myingyan II 110 - Cancelled VPower Group
      Puhtoe Lone 12 - - -
      Thaketa 477 - Shutdown VPower Group, China National Technical Import and Export Corp (CNTIC)
      Thanlyin 350 LNG Curtailed VPower Group, China National Technical Import and Export Corp (CNTIC)
      Thilawa SEZ 1,250 LNG - Marubeni, Sumitomo, Mitsui, MAPCO, Eden Group, Myanmar Edible Oil Industrial Public Corporation, Myanmar Agriculture & General Development Public
      Yangon 5 - - VPower Group
      Source: MEE, Company Data, Fitch Solutions
      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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