Fossil Energy – Myanmar
Thailand’s state oil and gas explorer looks set to take over Myanmar’s biggest gas field, as TotalEnergies and Chevron exit in the wake of last year’s coup in the Southeast Asian state, analysts say.
A move by PTT Exploration and Production 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 U.S. and other sanctions.
PTTEP already operates Myanmar’s smaller Zawtika field, in which it has an 80% stake and Myanmar’s state energy firm Myanma Oil and Gas Enterprise (MOGE) holds 20%.