The oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, have decided to withdraw from the country, they said on Friday, citing the worsening humanitarian situation following last year’s coup.
Thailand’s PTT Exploration and Production Plc, which holds a 25.5% share in the TotalEnergies-led venture, is “carefully considering” its direction in Myanmar after the announcement, said Montri Rawanchaikul, chief executive of parent company PTT Plc.
PTTEP is “putting the utmost importance for energy security of both Thailand and Myanmar”, it said in a statement.
Since the…
