Rockefeller Foundation to invest $1.5m in clean energy
The Rockefeller Foundation has pledged $1.5m to support developing countries in their move away from fossil fuels. The fund is part of a facility launched by the Energy Transition Council, a global coalition of leaders committed to achieving net-zero emissions by mid-century
South Korean steelmaker POSCO defends Myanmar gas business
SEOUL: South Korean steelmaker POSCO said on Monday it does not believe its unit POSCO International’s gas projects in Myanmar have a direct link to the military which seized power there in February. The unit’s gas business had existed for about 20 years, persisting through regime change, and related payments were paid to the Myanmar […]
Petronas Declares Force Majeure on Offshore Field in Myanmar
Malaysia’s state energy firm Petronas said on Friday that its Myanmar unit had declared force majeure on its Yetagun field on Thursday due to depletion of gas production. The decision came after challenges that resulted in the production rate dropping below the technical threshold of the offshore gas processing plant, Petronas said in a statement. […]
Mekong River Commission unveils strategy and action plan
The Mekong River Commission (MRC) released a ten-year basin development strategy and a five-year strategic plan Monday to address challenges and improve the state of the basin. In a statement released in Vientiane, the MRC said it expected to spend more than US$60 million on the strategic plan over the next five years. It said […]
Hydropower plants and Electrification to carry on
UN suspends climate work with Myanmar government following military coup
The military takeover in Myanmar raises fears of pollution, deforestation and revival of a controversial hydropower dam, as international agencies put climate projects on hold
Australian energy giant Woodside urged to ‘get off the fence’ on Myanmar
Australian oil and gas giant Woodside Energy is facing rising pressure to rule out working in Myanmar until democracy is restored following a military coup that seized power from Aung San Suu Kyi’s civilian government.
Fuel imports stall as banks shut and currency depreciation drives up costs
YANGON • Myanmar’s refined fuel imports have stalled as protests over the military coup have shut banks and government offices, while a depreciation of its currency has driven up costs, five industry sources said.
