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Thai PTTEP to operate Myanmar gas field after TotalEnergies exit

The logo of French energy group Total is seen on a gas station in Montreuil, France, May 18, 2020. REUTERS/Charles Platiau

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BANGKOK, March 14 (Reuters) – Thai oil and gas giant PTT Exploration and Production Pcl (PTTEP.BK) said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France’s TotalEnergies (TTEF.PA).

Oil majors Chevron and TotalEnergies in January withdrew from Myanmar citing worsening humanitarian conditions following last year’s coup. read more

PTTEP in a statement said it “recognises that equitable access to energy is a fundamental human right that all people are entitled to”.

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“After the decision of TotalEnergies to withdraw from Yadana project, PTTEP has thoroughly considered to take a step as the…

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