While the new government transforms the country into a democratic society, the investors and energy-hunters worldwide have been seeking to extract rich natural resources from Myanmar, and it is crucial for local regulatory framework in this regards to be strengthened. The paper offers a critical analysis of the current limitations and implications thereof.

Myanmar is endowed with rich natural resources and given an essential condition for the country's development. However, the country needs a comprehensive policy: how the resources shall be managed; how environment shall be preserved and protected; how ethnic nationalities' fundamental rights shall be franchised while promoting development to their lives; how resources shall be shared between the central and state/regional government.

It is crucial to seek a sustainable management of these resources for generations instead of selling out everything at once. For such management, strong laws and regulations must be implemented in this sector, and accountability and transparency must be promoted in all steps of these extractive projects.

As the ethnic areas are particularly abundant with these natural resources, these projects must not affect negatively on their interests, their fundamental rights and their way of life. Thus, it is important that prior and informed consent be gained from local communities with regards to these projects, including from civic organizations.

The Shwe Gas Movement briefing highlights that the current constitution and legislation must not solely represent a centralized government, but simultaneously protect the people and environment of Myanmar. The framework should strengthen accountability and transparency in the sector particularly.

In conclusion, there is a direct relationship between the good governance and management of extractive industry in the country.