Myanmar Oil and Gas Market Growth Rate
According to 6Wresearch internal database and industry insights, the Myanmar Oil and Gas Market is projected to grow at a compound annual growth rate (CAGR) of 5.8% during the forecast period (2026-2032).
Five-Year Growth Trajectory of the Myanmar Oil and Gas Market with Core Drivers
Below mentioned are the evaluation of years-wise growth rate along with key growth drivers:
| Year |
Est. Annual Growth (%) |
Growth Drivers |
| 2021 |
2.5 |
Gradual recovery of upstream exploration activities |
| 2022 |
3 |
Resumption of offshore gas field maintenance projects |
| 2023 |
3.9 |
Increased demand for natural gas-based power generation |
| 2024 |
4.6 |
Expansion of pipeline infrastructure and midstream investments |
| 2025 |
5.1 |
Rising domestic fuel consumption and refinery optimisation initiatives |
Topics Covered in the Myanmar Oil and Gas Market Report
The Myanmar Oil and Gas Market report thoroughly covers the market by type. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which help stakeholders devise and align their market strategies according to the current and future market dynamics.
Myanmar Oil and Gas Market Highlights
| Report Name |
Myanmar Oil and Gas Market |
| Forecast period |
2026-2032 |
| CAGR |
5.8% |
| Growing Sector |
Upstream |
Myanmar Oil and Gas Market Synopsis
The Myanmar oil and gas market growth is expected to remain stable over time as the main factors contributing to this development are continuous demand for natural gas, the need for energy from local sources, and the slow but steady progress of production and transportation facilities in the various regions of the country where petroleum is extracted. Over time, upstream exploration activities have gained renewed focus as the country seeks energy security, while midstream developments continue supporting efficient gas transmission.
Evaluation of Growth Drivers in the Myanmar Oil and Gas Market
Below mentioned are some prominent drivers and their influence to the market dynamics:
| Drivers |
Primary Segments Affected |
Why it Matters (Evidence) |
| Rising Domestic Energy Demand |
Upstream, Downstream |
Growing electricity and industrial fuel needs support sustained oil and gas consumption. |
| Expansion of Gas Pipeline Network |
Midstream, Downstream |
An upgraded transmission is strengthening the availability of the supply of power plants and industries. |
| Offshore Exploration Activity Revival |
Upstream |
New investments increase reserve development and production capacity. |
| Government Revenue Focus on Energy |
All Types |
Hydrocarbon exports remain a key contributor to national revenue streams. |
| Industrial Growth and Urbanization |
Downstream, Others |
Higher fuel and petrochemical usage supports refining and distribution growth. |
Myanmar Oil and Gas Market is expected to grow at the CAGR of 5.8% during the forecast period of 2026-2032. Growth momentum is supported by increasing natural gas utilization, gradual expansion of exploration projects, and continuous midstream infrastructure upgrades. In addition, downstream fuel demand from power generation, transportation, and industrial applications continues to strengthen market performance, while government-backed policies encouraging responsible resource development further support sustained sectoral expansion.
Evaluation of Restraints in the Myanmar Oil and Gas Market
Below mentioned are some major restraints and their influence to the market dynamics:
| Restraints |
Primary Segments Affected |
What This Means (Evidence) |
| Aging Production Fields |
Upstream |
Mature oil and gas fields require higher investment to maintain output levels. |
| Infrastructure Development Delays |
Midstream, Downstream |
Delays in project execution resulting from the local situation have a significant negative effect on the efficiency of transportation and distribution. |
| Limited Refining Capacity |
Downstream |
As a result of the limited domestic refining, there is still a need to depend on fuel imports. |
| Regulatory and Policy Uncertainty |
All Types |
Shifting regulations affect long-term investment planning. |
| Skilled Workforce Constraints |
Upstream, Midstream |
Limited technical expertise slows advanced operational adoption. |
Myanmar Oil and Gas Market Challenges
Despite the steady advancements, the Myanmar Oil and Gas Industry is grappling with a range of significant challenges, such as the deterioration of upstream assets, the congestion of the old infrastructure, and the necessity for a larger capital injection to maintain production levels. Apart from that, the shortage of domestic refining capacities, the logistic limitations in pipeline expansion, and the need for a highly skilled technical workforce have been continuously hindering operational efficiency.
Myanmar Oil and Gas Market Trends
The major trends that significantly affect the Myanmar Oil and Gas Market include the following:
- Shift Toward Natural Gas Utilisation: The use of gas-based resources for power generation is increasing worldwide as it meets the demand for a cleaner and more efficient energy supply.
- Upgrade Projects for Pipelines: The investments in pipeline upgrades and modernisations are increasing safety, transmission capacity, and regional integration.
- Use of Digital Tools for Upstream Operations: The use of digital instruments by the company enhances asset monitoring, predictive maintenance, and operational efficiency.
Investment Opportunities in the Myanmar Oil and Gas Market
There are various lucrative opportunities in the Myanmar Oil and Gas Industry to invest in, which comprise:
- Offshore Exploration Partnerships – Jointly working on offshore blocks to access the unexploited hydrocarbon reserves.
- Midstream Infrastructure Expansion – The construction of pipelines and storage facilities to enable the supply chain and make it more efficient.
- Downstream Refinery Upgrades – Elevating the refinery's capacity to lower the requirement for import and turn the country into a fuel self-sufficient one.
Top 5 Leading Players in the Myanmar Oil and Gas Market
Some leading players operating in the Myanmar Oil and Gas Market include:
1. TotalEnergies SE
| Company Name |
TotalEnergies SE |
| Established Year |
1924 |
| Headquarters |
Paris, France |
| Official Website |
Click Here |
TotalEnergies actively participates in Myanmar’s offshore gas production, supporting long-term energy supply and infrastructure development.
2. Chevron Corporation
| Company Name |
Chevron Corporation |
| Established Year |
1879 |
| Headquarters |
California, USA |
| Official Website |
Click Here |
Chevron contributes to offshore natural gas exploration and production through strategic partnerships in Myanmar.
3. PTTEP
| Company Name |
PTTEP |
| Established Year |
1985 |
| Headquarters |
Bangkok, Thailand |
| Official Website |
Click Here |
PTTEP operates major gas fields, ensuring stable gas output and promoting cross-border energy cooperation in the region.
4. Woodside Energy
| Company Name |
Woodside Energy |
| Established Year |
1954 |
| Headquarters |
Perth, Australia |
| Official Website |
Click Here |
Woodside Energy focuses on offshore hydrocarbon exploration and sustainable production initiatives across its international portfolio.
5. Myanma Oil and Gas Enterprise (MOGE)
| Company Name |
Myanma Oil and Gas Enterprise |
| Established Year |
1963 |
| Headquarters |
Naypyidaw, Myanmar |
| Official Website |
Click Here |
Myanma Oil and Gas Enterprise manages national oil and gas assets and oversees upstream and midstream operations within Myanmar.
Government Regulations Introduced in the Myanmar Oil and Gas Market
According to Myanmar Government Data, the Myanmar Oil and Gas Market has been regulated through instruments like the Oil and Gas Enterprise Law in tandem with changes in the energy sector aimed at providing a resource management system that is more transparent. For example, the Ministry of Energy, has been encouraging production-sharing agreements, to draw in foreign investment, at the same time, protecting the interests of the country. Moreover, the implementation of pipeline safety standards and environmental measures has, on the one hand, strengthened operational governance and, on the other hand, ensured the realisation of the oil and gas value chain's potential for long-term sustainability.
Future Insights of the Myanmar Oil and Gas Market
The future for the Myanmar Oil and Gas Industry remains positive as the gradual development of the infrastructure, continuous demand for natural gas, and regional energy cooperation are the main factors for the growth opportunities in the coming years. Increasing focus on upstream optimisation, midstream connectivity improvements, and downstream capacity enhancement is expected to strengthen supply reliability. Moreover, digital transformation and skill development initiatives are likely to enhance operational efficiency, creating favourable conditions for long-term investment and energy sector resilience.
Market Segmentation Analysis
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Upstream to Dominate the Market – By Type
According to Zubin, Senior Research Analyst, 6Wresearch, the Upstream segment is expected to dominate the Myanmar Oil and Gas Market Share due to its strong contribution from offshore natural gas fields and sustained exploration activity. The country’s upstream sector is still the main source of income for Myanmar, which is further facilitated by production-sharing contracts of a long-term nature and constant export demand. The present upstream sector, which is the dominant one, is being further consolidated by continuous reserve development, recovery for ailing reservoirs, and the entry of new foreign partners, dominating the whole market structure.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2022 to 2025.
- Base Year: 2025.
- Forecast Data until 2032.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Myanmar Oil and Gas Market Outlook
- Market Size of Myanmar Oil and Gas Market, 2025
- Forecast of Myanmar Oil and Gas Market, 2032
- Historical Data and Forecast of Myanmar Oil and Gas Revenues & Volume for the Period 2022- 2032
- Myanmar Oil and Gas Market Trend Evolution
- Myanmar Oil and Gas Market Drivers and Challenges
- Myanmar Oil and Gas Price Trends
- Myanmar Oil and Gas Porter's Five Forces
- Myanmar Oil and Gas Industry Life Cycle
- Historical Data and Forecast of Myanmar Oil and Gas Market Revenues & Volume By Type for the Period 2022- 2032
- Historical Data and Forecast of Myanmar Oil and Gas Market Revenues & Volume By Upstream for the Period 2022- 2032
- Historical Data and Forecast of Myanmar Oil and Gas Market Revenues & Volume By Midstream for the Period 2022- 2032
- Historical Data and Forecast of Myanmar Oil and Gas Market Revenues & Volume By Downstream for the Period 2022- 2032
- Myanmar Oil and Gas Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Myanmar Oil and Gas Top Companies Market Share
- Myanmar Oil and Gas Competitive Benchmarking By Technical and Operational Parameters
- Myanmar Oil and Gas Company Profiles
- Myanmar Oil and Gas Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Type
- Upstream
- Midstream
- Downstream
