Although Myanmar is a natural resources rich country, from a global perspective,
it does not have particularly notable hydrocarbon reserves. It has
proven reserves of natural gas of 300 bcm by 2010, accounting for only 0.2
per cent of the total world gas reserves (BP Statistical Review of World Energy
2011), and the country is a net importer of oil because of the lack of its oilrefinery
facilities. However, from a regional perspective Myanmar’s gas reserves
and strategic position are significant in terms of energy security and
regional cooperation. For China, Myanmar is geopolitically significant given
its access to the Indian Ocean and the Andaman Sea, especially at a time
when China’s long-standing ally, Pakistan, has been struggling to contain
Islamic extremism and domestic political unrest, and India, China’s potential
competitor, is working hard to push forward its “eastward expansion”.
Although Myanmar is a natural resources rich country, from a global perspective,it does not have particularly notable hydrocarbon reserves. It hasproven reserves of natural gas of 300 bcm by 2010, accounting for only 0.2per cent of the total world gas reserves (BP Statistical Review of World Energy2011), and the country is a net importer of oil because of the lack of its oilrefineryfacilities. However, from a regional perspective Myanmar’s gas reservesand strategic position are significant in terms of energy security andregional cooperation. For China, Myanmar is geopolitically significant givenits access to the Indian Ocean and the Andaman Sea, especially at a timewhen China’s long-standing ally, Pakistan, has been struggling to containIslamic extremism and domestic political unrest, and India, China’s potentialcompetitor, is working hard to push forward its “eastward expansion”.
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