PTTEP quitting Yetagun gas field in Myanmar
Malaysia’s Petronas also pulling out of nearly-depleted field
PTT Exploration and Production Plc (PTTEP) of Thailand and Petronas of Malaysia say they are withdrawing from the Yetagun natural gas project in coup-hit Myanmar.
The announcement on Friday was the latest in a series of moves by foreign energy firms to exit Myanmar. The most notable has been the withdrawal of US-based Chevron and TotalEnergies of France from the Yadana gas field, where PTTEP is taking over their interests.
The Petronas subsidiary Carigali holds a…