Plan to up more gas resources
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Myanmar plans to explore 25 per cent more of natural gas, 7 per cent more of jade and 10 per cent more of gems in fiscal 2013-2014, according to the National Planning Bill.
Myanmar aims to expand exploration of crude oil and natural gas not only for local consumption security but also for exports. The country expects to explore 16.7 per cent more of crude oil and 25.8 per cent more of natural gas in the cooperative sector.
The National Planning Bill said more natural gas would be explored in Magway region, Shwe natural gas field in Rakhine Offshore region and Zawtika natural gas field from Ayeyawady region.
In 2012-2013, 447,198 million cubic feet of natural gas was explored and it is expected that 562,665 million cu/ft of natural gas will be explored in the coming fiscal year.
In the mineral sector, gross domestic product worth 39.8 billion kyats will be produced. Minerals and jade are targeted to increase by 7.8 per cent and gems by 10.5 per cent.
Myanma Gems Enterprise has targeted to produce jade Lonekhin, Pharkant, Moenyin in Kachin state, Khamti in Sagaing region and gems in Nantyarseik in Kachin state, Mogok in Mandalay region and Mongshu in Shan state.
The law also granted permission to Myanma Economic Holding Co, Myanma Economic Corporation and the Ministry of Cooperatives for the production of jade and gems.
Myanma Economic Holding Co plans to produce jade in Pharkant region in Kachin state and Khamti in Sagaing region, gems in Mogok in Mandalay region and Mongshu in Shan state.
