PTT Exploration and Production is a partner in the Yadana gas field in the Andaman Sea off Myanmar. The gas is delivered to power plants in Thailand and to Myanmar’s domestic market. (PTTEP Photo)
PTT Exploration and Production Plc (PTTEP) looks set to take over Myanmar’s biggest gas field, as TotalEnergies and Chevron Corp exit in the wake of last year’s coup in the Southeast Asian state, analysts say.
A move by PTTEP to become operator of Yadana field, in which it already has a 25.5% stake, would keep vital gas supplies flowing to Thailand and Myanmar, and could safeguard revenues for Myanmar’s government amid tighter US and other sanctions.
France’s TotalEnergies and US firm Chevron said on Friday they were leaving, citing the worsening humanitarian situation following the coup.
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