Local Myanmar Issues for LNG to Power Projects

LNG remains at the very forefront of Myanmar’s ever increasing problematic lack of electric power. After running a tender for 4 temporary power projects from LNG and gas, won by VPower, the press keeps reporting on more, additional or alternative LNG projects near Thilawa and elsewhere. In this unique live webinar, the VDB Loi team that secured 100% of Myanmar’s MIC permits in the electric power sector in 2019, shares its insights on some of the key local legal, permitting, land and tax issues they have encountered assisting sponsors with LNG projects in Myanmar in recent years.

HIGHLIGHTS

• Pipelines and transmission lines over state and private land: How are the approvals formalised? What has been the practice?
• Update on sovereign guarantees: Which authorities are now required to be involved?
• What does the MIC require for MIC permits in the power sector? Update on new practices based on actual experiences
• Which tax “traps” do you need to be aware of for an LNG project?
• The draft LNG licensing regulation: a look ahead

PROGRAM

LNG remains at the very forefront of Myanmar’s ever increasing problematic lack of electric power. After running a tender for 4 temporary power projects from LNG and gas, won by VPower, the press keeps reporting on more, additional or alternative LNG projects near Thilawa and elsewhere. In this unique live webinar, the VDB Loi team that secured 100% of Myanmar’s MIC permits in the electric power sector in 2019, shares its insights on some of the key local legal, permitting, land and tax issues they have encountered assisting sponsors with LNG projects in Myanmar in recent years.

1. Introduction
2. Selected hot regulatory issues for LNG to Power projects
   • MIC Permit aspects: new practices and lessons learned
   • One or two onshore project companies?
   • One or two MIC permits?
   • Regulations affecting LNG
3. Some key issues related to the project sites
   • Land rights for pipelines and transmission lines
   • Port terminal leases: practical experience and legal aspects of subleasing or re-assigning use of the site
4. Financing issues
   • Sovereign guarantees update
   • Update on how to register security onshore
5. Tax planning
   • Tax treatment of an LNG to Power supply chain
   • Key tax issues to watch out for
6. Q&A

VDB LOI’S EXPERIENCE IN MYANMAR LNG TO POWER:

VDB Loi is a leading firm “the largest law firm in Myanmar” ([publication name]) is widely recognised for its unrivalled experience in Myanmar’s power sector. The firm worked on 6 out of 6 power deals signed in 2016-2018, has been engaged by 6 out of 6 sponsors of Myanmar’s priority hydropower projects, and secured MIC permits for 100% of the IPP projects approved by MIC in 2019. We worked on more than a dozen planned LNG or LNG2Power projects, some very advanced or having received NTPs, in Ayawaddy, Thanintharyi, Yangon, Rakhine and Mon state. We excel at land and various regulatory issues, securing MIC permits, Myanmar law project documentation, Myanmar law financing and security aspects, and tax matters.