Thursday, June 21, 2007

Why is a gas rich country still dark?

Myanmar earns $2B in gas sales

YANGON, Myanmar, June 20 (UPI) -- Myanmar earned more than $2 billion from the sale of natural gas in the past year, official media said.

The Myanmar Times reported June 8 that the country's earning from natural gas sales in the 2006-07 season was $1 billion more than the previous year.

In 2005-06, the former Burma earned $1.079 billion from gas sales, and in 2006-07 it earned $2.16 billion, the report said.
Source:

I have a question. I'm just wondering if someone could tell me why Burma is still in the dark. Forget about small towns in Burma. Even in large cities like Yangon and Mandalay, the electricity supply is very irregular. Average 6 hours a day. A friend of mine from Yangon told me a few months ago, no electricity in such a hot weather. Children could not sleep.

Where is the money from gas sale? Investing in Russian's carcino or trying to buy Man U? Anyway, hopefully the responsible persons would be aware of shortage of basic human need in this 21st century and would have done necessary actions. Keep our finger crossed!

Otherwise, those from the country without a regular electricity in the cities and towns, where owning well over a decade-old car is still a sought-after status symbol, may have no point to be proud of being Myanmar among the world people.

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