Thursday, April 2, 2015
Myanmar
Myanmar is one of the largest exporters of natural gas in their region. Having 70% of their output in Thailand. It is also the country's largest export commodity. Myanmar adjusts its gas prices on a quarterly basis, using regional prices as a reference. The price of gas exports was $11.7321 per MMBTU in the third quarter, dropping to $11.6516 in last quarter of 2014, according to data from the Ministry of Energy’s Energy Planning Department. It has now dropped to $10.90 and likely to drop further, a MOGE official said.
These prices include transportation cost. Wellhead prices do not account for transportation costs. The natural gas industry is the main source of revenue of foreign currency. The decline in gas prices will destroy the economy.
http://www.mmtimes.com/index.php/business/13839-grey-skies-for-natural-gas-prices.html
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