Director general of Russia's nuclear power company Rosatom, Alexey Likhachov, said the agreement marked "a new chapter in the history of Russian-Myanmar relations, the 75th anniversary of which we are celebrating this year".

Rosatom and Myanmar’s Ministry of Science and Technology and Ministry of Electrification have signed a Roadmap on cooperation in the field of the use of nuclear energy for peaceful purposes for 2022-2023 on the sidelines of the VII Eastern Economic Forum in Vladivostok.

The meeting resulted in the signing of the Memorandums of Understanding between ROSATOM and the Ministry of Science and Technology of Myanmar on cooperation

Myanmar began its first LNG imports in June using small-scale vessels to supply emergency power projects that helped alleviate electricity shortages around the densely populated city of Yangon.

Myanmar, one of the oldest oil and gas industries in the region and a country which exported its first crude oil centuries ago, is again emerging as a bright spot for overseas investors after sanctions, which were imposed on the country during a long period of military rule and political unrest, were lifted in 2012.

China’s investment is transforming its smaller Southeast Asian neighbors like never before while helping turn Cambodia, Laos and Myanmar into bigger destinations for its exports.

Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed two Production Sharing Contracts (PSC) for offshore blocks MD-02 and MD-04.

Myanmar sees foreign investment topping $5 bln in 2014-15

Bashneft signs PSC for Block ЕР-4 in Myanmar

Major Oil Traders Eye Growth in Myanmar Fuel Demand