• 9 hours Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 10 hours Oil Gains Spur Growth In Canada’s Oil Cities
  • 10 hours China To Take 5% Of Rosneft’s Output In New Deal
  • 11 hours UAE Oil Giant Seeks Partnership For Possible IPO
  • 12 hours Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 12 hours VW Fails To Secure Critical Commodity For EVs
  • 13 hours Enbridge Pipeline Expansion Finally Approved
  • 14 hours Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 15 hours OPEC Oil Deal Compliance Falls To 86%
  • 1 day U.S. Oil Production To Increase in November As Rig Count Falls
  • 1 day Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 1 day Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 2 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 2 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 2 days Aramco Says No Plans To Shelve IPO
  • 4 days Trump Passes Iran Nuclear Deal Back to Congress
  • 4 days Texas Shutters More Coal-Fired Plants
  • 4 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 5 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 5 days Chevron Quits Australian Deepwater Oil Exploration
  • 5 days Europe Braces For End Of Iran Nuclear Deal
  • 5 days Renewable Energy Startup Powering Native American Protest Camp
  • 5 days Husky Energy Set To Restart Pipeline
  • 5 days Russia, Morocco Sign String Of Energy And Military Deals
  • 5 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 5 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 6 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 6 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 6 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 6 days District Judge Rules Dakota Access Can Continue Operating
  • 6 days Surprise Oil Inventory Build Shocks Markets
  • 6 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 7 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 7 days Oil M&A Deals Set To Rise
  • 7 days South Sudan Tightens Oil Industry Security
  • 7 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 7 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 7 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary

Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary

Kuwaiti Oil Minister Al-Marzouk has…

Draw In Crude Inventories Lifts Oil Prices

Draw In Crude Inventories Lifts Oil Prices

Oil prices reversed course on…

China-Myanmar Warming Continues With Energy Export Talks

China Myanmar

China may soon start selling electricity to neighbor Myanmar in the latest sign that bilateral relations are thawing. China/Myanmar relations have been tense since 2011, when the Myanmar government blocked a hydropower project supported by China.

Now, Reuters reports, China’s energy needs aren’t as urgent as six years ago as it shifts away from industrial production and into services, while Myanmar’s new leader, Aung San Suu Kyi has demonstrated she is determined to improve relations with Beijing.

The warming is in line with the One Belt, One Road initiative in China, which focuses on international investments in infrastructure projects and foreign trade. In fact, there are already three Chinese utilities that have devised plans to connect Myanmar’s power grid with the network in the province of Yunnan, sources told Reuters.

Yunnan generates almost all of its electricity from hydropower capacity and transmits the surplus output to eastern China as well as Laos and Vietnam. Myanmar, meanwhile, is suffering a serious electricity shortage. Only a third of the almost 55-million-strong population is connected to the grid, and blackouts in the big cities are not uncommon.

Some government officials in Myanmar, however, are showing signs of worry about China’s growing influence in the region, which electricity exports would only strengthen. Already, they note, China has gained access to a strategic port in Myanmar.

Related: Solar And Wind Revolution Happening Much Faster Than Expected

This access is via a pipeline that will supply crude oil to China’s Yunnan province from the port at Made Island in Myanmar. The launch of the pipeline was delayed by several years until Myanmar agreed to lower the transit fees.

Another criticism is that Myanmar has plenty of hydropower resources, and it would be smarter to develop these instead of buying electricity from China. However, the country needs energy and it needs it urgently. Developing the local hydropower resources will take time and money. For now, the government apparently believes partnering with China is the better option.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News