Gas exports have already surpassed last year’s record of US$3.5 billion and are on track to total nearly $4 billion when the fiscal year ends at the end of this month, a commerce ministry official said.
The total had exceeded $3.7 billion as of the middle of this month. Next year is expected to see the value of gas exports surge again as the Shwe Gas project is expected to begin exporting in May and the Zawtika project by December.
Natural gas is by far the top export in this category, he said, adding that other exports would account for $300 million to $500 million of this amount.
Gas exports will total nearly $4 billion this fiscal year, said the official who asked not to be named. Gas exports have risen in value by about 75 percent since fiscal year 2006 when they totaled about $2 billion. In fiscal 2010 they totaled $2.5 billion and in the last fiscal year they reached $3.5 billion.
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