Total in talks on gas-fired power plant for Yangon, says report

French energy giant Total is in talks with the government to supply Yangon with liquefied natural gas and build a power plant in the commercial capital, Bloomberg reported on July 20.

“We proposed to the government to bring LNG and build a power plant,” Mr Xavier Preel, general manager of Total E&P Myanmar, told the news agency in an interview.

The proposals were “under discussion”, Preel said.

“Access to electricity is the most important economic factor in Myanmar,” he said. “Myanmar needs a lot of energy for the development. There is no economic development without energy.”

Bloomberg said Total’s head office in Paris had declined to comment about the LNG terminal and power plant project mentioned by Preel. It said calls seeking comment from the Ministry of Electricity and Energy were not immediately returned.

Support more independent journalism like this. Sign up to be a Frontier member.

The news agency said Preel’s comments came as Total is becoming more interested in activities such as pipelines and power plants to help create new demand for gas as it refocuses away from oil.

Total’s senior vice president for gas, Mr Laurent Vivier, told the World Petroleum Congress in Istanbul this month that creating new demand for gas was crucial and the company had been asked to build gas-fired power plants in “some emerging countries”, Bloomberg reported.

A global supply glut has seen LNG prices plummet by about 70 percent since 2014, it said.

Total has been operating in Myanmar since 1992 and its website says the gas it produces from the Yadana Field in the Andaman Sea meets about half of the country’s needs.

More stories

Latest Issue

Stories in this issue
Myanmar enters 2021 with more friends than foes
The early delivery of vaccines is one of the many boons of the country’s geopolitics, but to really take advantage, Myanmar must bury the legacy of its isolationist past.
Will the Kayin BGF go quietly?
The Kayin State Border Guard Force has come under intense pressure from the Tatmadaw over its extensive, controversial business interests and there’s concern the ultimatum could trigger fresh hostilities in one of the country’s most war-torn areas.

Support our independent journalism and get exclusive behind-the-scenes content and analysis

Stay on top of Myanmar current affairs with our Daily Briefing and Media Monitor newsletters.

Sign up for our Frontier Fridays newsletter. It’s a free weekly round-up featuring the most important events shaping Myanmar