The government’s need to secure new supplies of natural gas and a desire to send a positive signal to investors has likely helped a consortium including Total, Woodside and MPRL negotiate favourable fiscal terms to develop the A-6 block.
Prolonged electricity outages during this year’s hot season have taken a toll on businesses already struggling with rising costs and shortages of materials and labour, but the junta lacks a credible plan to fill the power gap.
BY Frontier
