"Myanmar’s government is expected to announce major new bidding for natural gas exploration, including 15 offshore and 18 onshore blocks, in a bid to give the sluggish but potentially lucrative industry a much-needed capital infusion. But while a new exploration agreement signed last month between Myanmar’s MPRL E&P Company, France’s Total and Australia’s Woodside Energy have given the sector a huge boost, investors are still wary about the industry’s policy direction. Block A6, an Ayeyarwady Region joint venture in which Total holds 40%, Woodside 40% and MPRL E&P Co 20%, will be Myanmar’s first ultra-deepwater natural gas field project. It is also the only new gas development to be started under de facto leader Aung San Suu Kyi’s nearly four-year-old administration.The field is estimated to contain 2-3 trillion cubic feet of natural gas, with a projected daily output of 400 million standard cubic feet. That represents more than a fifth of Myanmar’s existing daily output..."