Myanmar's neighbours eye energy resources
Despite growing frustration in SE Asia over Myanmar's politics, the nation's neighbours are still eagerly eyeing its energy resources.world Updated: Jan 16, 2006 14:59 IST
Despite growing frustration in Southeast Asia over military-ruled Myanmar's politics, the nation's neighbours, including India, are still eagerly eyeing its energy resources—and spending billions in the process.
A combination of sanctions and domestic political pressure prevent most western companies from tapping into Myanmar's reserves.
But Asian countries have shown no such qualms, even though Myanmar's human rights record and its failure to deliver on promised democratic reforms have increasingly become a thorn in the side of the region.
The UN Security Council in December held an unprecedented briefing on Myanmar to signal to its military rulers that they must stop stalling on genuine democratic reforms.
The Association of Southeast Asian Nations (ASEAN) followed that up with unusually tough talk at its annual summit, and said it would send an envoy to evaluate the situation, only to have the generals postpone the trip last week.
Nonetheless, Myanmar's neighbours -- especially Thailand -- are increasingly turning to Myanmar to solve their energy problems at home, and throwing the generals an economic lifeline.
"With the US sanctions, you block the US companies, but there's plenty of others to come in the wake," said Andrew Symon, a researcher at the Institute of Southeast Asian Studies in Singapore.
"The South Asian, Southest Asian companies, they've got the capital, they've got the technology" to tap Myanmar's resources on their own, he said.
First Published: Jan 16, 2006 14:59 IST