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Project Insights

Boost for LNG-to-power as Myanmar ups tariffs

The higher electricity prices introduced this week will give the country a larger budget to allocate to new power generation projects The higher electricity prices introduced this week will give the country a larger budget to allocate to new power generation projects.
By Damon Evans 4 July 2019 Asia Pacific / LNG 0 34363
The Thaketa gas-fired power plant in Myanmar. (PA)

The key issue: Myanmar’s government raised electricity prices for the first time in five years on 25 June, with tariffs rising by as much as 65% for commercial customers.

Interfax analysis: The electricity tariff rises that took effect in Myanmar on Monday were higher than industry players expected, sending a strong signal that the government is willing to address the power supply crisis gripping the Southeast Asian nation. Myanmar’s stalled LNG-to-power projects are more likely to proceed as a result.

The hike will give relief to...