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Bangkok Post
Bangkok Post
Business

BIZARRE: Pttep mulls myanmar after partners pull out - What They Never Told You

PTT Exploration and Production Plc (PTTEP) plans to announce next month its move after the withdrawal of its partners -- Total Energies and Chevron Corp -- from the Yadana gas production project in Myanmar.

Orachon Ouiyamapun, senior vice-president of PTTEP's finance division, told investors yesterday the company only received a notification letter from France-based Total Energies, but has yet to receive one from US-based Chevron.

"Our executives are looking into this issue to decide on a next move. We plan to inform the public early next month," she said.

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