Myanmar Civil Unrest: Energy Crisis Worries Myanmar's ‘Shaky’ Military Rule| Oneindia News
Myanmar's military faces a significant threat as rebel forces control trade routes, affecting ties with China. Hoarding diesel leads to power crises and fuel shortages in Yangon. Experts warn of dire impacts on hospitals and the economy. Civil unrest hampers energy solutions, while multinationals, like VPower, scale back, signaling instability.
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#Myanmar #Myanmarwar #Myanmarjunta #Yangon #China #Rebels #Kuki #meitei #Worldnews #Oneindia #Oneindianews
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Transcript
00:00 Myanmar�s military rule is all set to face new severe challenges due to a dwindling natural
00:07 gas reserve, primary source for the State Administration Council.
00:12 Recent efforts by the resistance forces, including ethnic groups in northern Shan state, have
00:16 further exacerbated the energy crisis.
00:18 Reportedly, the armed rebel groups have seized control of the border crossings and trade
00:22 routes, largely affecting trade with China.
00:24 The SAC�s response to these challenges now include diesel imports, hoarding to sustain
00:28 military operations, leading to intensified power shortages.
00:32 Reports from Yangon indicate patrol stations running out of supplies, parking lengthy queues
00:36 and drastic electricity price hikes.
00:38 The escalating crisis is now raising concerns about the economic impact and the regime�s
00:42 inability to address the shortages� so far-reaching consequences.
00:46 Energy experts are now highlighting potential crises in hospital and broader implications
00:50 for Myanmar�s population.
00:51 The impending gas production decline is also posing a significant threat to Myanmar�s
00:55 economy, already reeling from a post-coup contraction of nearly 20 per cent.
01:00 The collapse of offshore gal field development compounds the country�s fiscal strain.
01:04 Moreover, the World Bank is now projecting a steep decline in gas production by 2030,
01:08 significantly impacting Myanmar�s exports, currency reserves and domestic consumption.
01:13 To address the crisis, now the Myanmar junta is planning construction for dams and discussions
01:17 with power imports from China and Laos.
01:19 However, due to the worsening civil war, these endeavours are now facing challenges, including
01:24 delayed projects and technical complexities.
01:26 As business struggles and multinationals withdraw, Chinese energy operator WePower has also scaled
01:30 back operations significantly, that is showing the growing uncertainty.
01:34 The company�s alleged ties to military-linked entities is also complicating the investment
01:38 landscape.
01:39 Now, the deteriorating business environment and diminished foreign exchange is raising
01:42 doubt about the economic stability of the nation.
01:45 Amid the energy crisis, the Revolutionary National Unity Government, that is also the
01:48 rebels, is now emphasizing non-cooperation with the regime on any signed contracts or
01:52 projects.
01:53 There is a need for a responsible investment in rebuilding Myanmar�s energy infrastructure,
01:57 aiming for a democratic and stable nation.
01:59 Myanmar�s ongoing power cuts and fuel shortages are indeed showing the SAC�s government
02:04 failure, prompting warnings and supporting business deals that could perpetrate the military
02:08 rule.
02:09 The quest for stability and energy security in Myanmar remains a pressing concern amid
02:13 a deepening crisis and political upheaval.
02:15 �
02:16 �
02:17 (upbeat music)
02:20 [MUSIC]