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In the first eight months of the current fiscal year, natural gas exports generated about $ 1.4 billion, down more than $ 1 billion from the same period last year

In the first eight months of the current fiscal year, natural gas exports earned about $ 1.4 billion, down more than $ 1 billion from the same period last year, according to an official from the Ministry of Commerce. In the eight months from October 1 to May 28 of the 2020-2021 fiscal year, only $ 1.389 billion was earned from natural gas exports. In the same period last year, it earned $ 2.406 billion. Over the past five years, Myanmar has earned more than $ 17.5 billion from natural gas exports, with the largest export in the 2018-2019 fiscal year at over $ 3.9 billion, published by the Information Unit.

From October 2019 to September 2020, the last fiscal year 2019-2020, natural gas exports generated $ 3.506 billion ($ 3506.62 million). In fiscal year 2018-2019, revenue from natural gas exports reached $ 3.924 billion ($ 3924.92 million). Revenue from natural gas exports in the 2017-2018 fiscal year was $ 3.513 billion ($ 3,513.21 million). In the 2016-2017 fiscal year, revenue was $ 3.116 billion ($ 3,116.34 million). Revenue was $ 3.445 billion ($ 3,445.10 million) in the 2015-16 fiscal year.

Annual natural gas production in the 2016-2017 fiscal year was 67,000 million cubic feet; In the 2017-2018 financial year, 667583 million cubic feet. In the 2018-2019 fiscal year, it produced 62,7007 million cubic feet and in the fiscal year 2019-2020, 670,362 million cubic feet were produced. At the press conference held at the Ministry of Information in Nay Pyi Taw on May 9, 2019, the State-owned newspaper published a statement on the activities of the Ministry of Electricity and Energy in the third year of the people.

According to the Ministry of Power and Energy, there are a total of 104 oil and gas blocks in Myanmar, of which 51 are offshore and 53 onshore. If we look at the per capita electricity consumption increase year by year, the fiscal year 2015-2016 was 263 kWh; 301 kWh in the 2016-2017 financial year; 335 kilowatt hours in the 2017-2018 fiscal year; In the 2018-2019 fiscal year, it was 379 kilowatt hours and in the 2019-2020 fiscal year, it increased to 432 kilowatt hours, and in five years it increased to 169 kilowatt hours, according to the Ministry of Power and Energy.

Source: Daily Eleven

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