EXECUTIVE PERSPECTIVE: Getting the Energy Balance in Myanmar Right

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EXECUTIVE PERSPECTIVE: Getting the Energy Balance in Myanmar Right

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EXECUTIVE PERSPECTIVE: Getting the energy balance in Myanmar right

Wednesday, June 5, 2013 - 12:00pm

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By Arthur Hanna

Myanmar’s re-emergence into the global economy presents policy-makers with a series of fundamental dilemmas. As reforms are put into place, foreign investors and international energy companies are keen to capitalize on Myanmar’s abundant reserves of oil and natural gas.

While the attention on Myanmar’s oil and gas reserves is welcome, there should be a balance between the country’s domestic energy development and its international focus on export markets and imported expertise. Today, 74% of inhabitants lack access to electricity; population growth and rapid industrialization are thrusting demand for energy ever upwards. Therefore, balance must be sought through an integrated energy plan, a concept elaborated upon in a forthcoming report, The New Energy Architecture: Myanmar 2013, developed jointly by the World Economic Forum, Asian Development Bank and Accenture.

There is no denying the importance of foreign investment to Myanmar’s energy sector. The country has benefitted from partnerships involving some of the world’s biggest oil and gas operators, which bring their knowledge, equipment and experience.

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Keywords: Social Impact & Volunteering | Energy | Myanmar | Thomson Reuters | executive perspective | sustainability

CAMPAIGN: EXECUTIVE PERSPECTIVE

CONTENT: Article

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