“Myanmar, also known as Burma, has largely been shunned by the West for most of five decades of military rule that ended last year. Now open for business and shedding sanctions, the cash economy badly needs a working banking system. The population of more than 60 million wants mobile phones, newer cars, and Coca-Colas. But no one sector is as critical to Myanmar’s growth prospects as energy. The country has 7.8 trillion cubic feet of proven natural gas reserves, worth about $75 billion at current U.K. benchmark prices. It now has 16 energy multinationals working on 17 onshore exploration blocks and 15 exploring or producing in 20 offshore blocks.”
http://www.businessweek.com/articles/2013-06-07/the-rush-to-tap-myanmars-energy-promise
