Thai oil and gas giant PTT Exploration and Production Plc said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France’s TotalEnergies.
Oil majors Chevron and TotalEnergies in January withdrew from Myanmar citing worsening humanitarian conditions following last year’s coup.
PTTEP in a statement said it “recognises that equitable access to energy is a fundamental human right that all people are entitled to”.
“After the decision of TotalEnergies to withdraw from Yadana project, PTTEP has thoroughly considered to take a step as the successor operator in order to ensure the no interruption of natural gas supply,” it said.
Myanmar has been in turmoil since the army overthrew an elected government in February 2021 and used lethal force to suppress protests against its rule.
Thousands of opponents have been…
