Low energy prices and the high cost of offshore exploration are prompting some energy companies to give back blocks won in a 2014 tender – a development that could hurt Myanmar’s ability to meet its power needs in the years ahead.
Coming into effect last week, United States sanctions on the Myanma Oil and Gas Enterprise won’t hit as hard as they could have, but they will still shrink the junta’s coffers while avoiding harm to the wider economy.
BY Frontier
