Myanmar earns $2B in gas sales
UPI / June 21, 2007

Myanmar earned more than $2 billion from the sale of natural gas in the past year, official media said.

The Myanmar Times reported June 8 that the country's earning from natural gas sales in the 2006-07 season was $1 billion more than the previous year.

In 2005-06, the former Burma earned $1.079 billion from gas sales, and in 2006-07 it earned $2.16 billion, the report said.

The rise in income comes amid high global gas prices. The country's major export market is Thailand.

Myanmar's gas reserves are limited -- 283.2 billion cu m in proven reserves as per 2005 estimates -- but it is prized in a region with economic powers that desperately need energy for growth.