MPE signs 30-year lease for LPG production

02.02.18 Newsletter

The government-owned Myanmar Petroleum Enterprise (MPE) signed a contract with Yadanar Su, a private Myanmar company, to lease two of its LPG production plants as a joint venture. The company is about to invest 3 billion MMK (2.2 million USD) in LPG production and distribution facilities.
Currently, state-owned LPG production covers about 19% of the country's demand, giving private investors the chance to tap into the market.