Thailand seeks control of Myanmar gas project

PTT Pcl, Thailand’s state-controlled energy company, is bidding to take control of Myanmar’s Yadana gas field after TotalEnergies SE and Chevron Corp exited the country to protest against the junta’s continued violence against civilians since the military coup.

PTT Exploration and Production Pcl, a unit of PTT, has offered to acquire the combined 59.5% stake held by TotalEnergies and Chevron, according to Zaw Min Tun, the lead spokesman for the State Administration Council. Several local firms are also keen to become part of the project and discussions have begun between the government, PTTEP and other prospective buyers, he said.

PTTEP “has offered us that they’re willing to take over all shares of Total and Chevron. But we’re not…