Energy minister Narongchai Akrasanee will sign memorandums of understanding with Myanmar’s Electric Power and Energy ministries today in Nay Pyi Taw, Sarawut Kaewtathip, director of the Energy Ministry’s Policy and Strategy Coordination Office, said on Friday according to a report in The Nation on 15 June.
These pacts would cover the two countries' collaboration on the development of upstream and downstream petroleum industries, such as the rollout of cross-border gas pipelines, petroleum exploration and production, improvement of refineries and a possible joint development of petroleum value chain.
The MoU with Myanmar’s Electric Power Ministry will also cover collaboration on electricity, such as the development of infrastructure, ranging from hydropower dams and development of transmission line system to the expansion of existing bilateral collaboration on power production.
This move is primarily aimed to serve rising demand for electricity in Myanmar. The MoU also covers further development of their electricity power links.
Sarawut added that the MoUs would also pave the way for the Thai private sector to further explore new opportunities to invest in Myanmar’s energy sector and further bolster their national energy security.