Hydrocarbon Vision 2030 (ஹைட்ரோகார்பன் தொலைநோக்கு ஆவணம் 2030)

Myanmar has proven oil reserves (onshore and offshore) of 459 million barrels (MMBBL), and proven
gas reserves of 11.8 trillion cubic feet (TCF).
11.1.1 Refining capacity
State-owned Myanmar Petrochemical Enterprise operates three small refineries. Two barely function
while a third operates at only just over half its capacity, processing local condensate to make lowquality
gasoline. The refinery has a capacity of 20,000 barrels per day (BPD), with its production rate
declining.
The Ministry of Energy has plans to invite foreign bidders to build a new oil refinery with a processing
capacity of 5-10 MMTPA. The government and foreign companies, including China’s Guangdong
Zhenrong Energy Company and Thailand's largest refiner Thai Oil Plc, have submitted proposals for
constructing the refineries, although these are in preliminary stages of development.
Table 145: Petroleum product import requirement for Myanmar (MMTPA)
State 2014-15 2019-2020 2024-25 2029-30
Refining capacity 0.5 2.5 4 5.5
Oil demand 2.5 3.75 5 6.25
Imports 2.0 1.25 1 0.75
Source: CRISIL Infrastructure Advisory Analysis
11.1.2 Crude oil
Fuel demand has gradually increased from 13,000 BPD in 2000 to approximately 50,000 BPD in
2015, as per the energy ministry’s data and undocumented fuel flows smuggled from Thailand.
However, the country’s limited domestic production and refining capacity makes Myanmar a net
importer of petroleum products.
11.1.3 Natural gas
Natural gas production in Myanmar has accelerated over the last decade, from 3.4 BCM in 2000 to
13.1 BCM in 2014, which is a CAGR of 12.1%. Economic development has resulted in higher
consumption, which reached a peak of 4.59 BCM in 2013.
Yet, surplus availability of natural gas makes Myanmar an exporter. Most of the natural gas produced
in Myanmar is exported to Thailand and, more recently, to China. However, in anticipation of greater
local gas demand from power, fertiliser and transportation industries, Myanmar has placed a
domestic obligation to retain 25% of its production in any new project for the domestic market.
PTTEP, Thailand’s national oil company, launched commercial operations of the Zawtika gas project
in the second half of 2014, and expects to produce 3.11 BCM per year at the field’s peak. This project
is slated to increase natural gas exports to Thailand and serve Myanmar’s domestic market.
This surplus reflects an opportunity for imports from Myanmar into India’s northeast.
11.2 Bangladesh
11.2.1 Refining capacity
Bangladesh processes crude oil at Eastern Refinery Ltd’s (ERL) 33,000-BPD refinery; the company
is a subsidiary of Bangladesh Petroleum Corporation. The company plans to nearly triple the
refinery’s capacity to 90,000 BPD by 2016.
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