Get all your news in one place.
100's of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

FOUND: Two oil majors to exit myanmar - What They Never Told You

PTT Exploration and Production is a partner in the Yadana gas field in the Andaman Sea off Myanmar. The gas is delivered to power plants in Thailand and to Myanmar’s domestic market. (PTTEP Photo)

The oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, have decided to withdraw from the country, they said on Friday, citing the worsening humanitarian situation following last year’s coup.

Thailand’s PTT Exploration and Production Plc, which holds a 25.5% share in the TotalEnergies-led venture, is "carefully considering" its direction in Myanmar after the announcement, said Montri Rawanchaikul, chief executive of parent company PTT Plc.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.