Gas reserves in the Yetagun field in the Gulf of Moattama off Myanmar have declined significantly. (PTTEP Photo)PTT Exploration and Production Plc (PTTEP) of Thailand and Petronas of Malaysia say they are withdrawing from the Yetagun natural gas project in coup-hit Myanmar. The most notable has been the withdrawal of US-based Chevron and TotalEnergies of France from the Yadana gas field, where PTTEP is taking over their interests. The Petronas subsidiary Carigali holds a roughly 41% stake in the Yetagun project while PTTEP has a 19.31% share. A spokesperson for the rights group Justice for Myanmar called on companies involved with the Yetagun gas project to completely sever ties with the military.

Source: Bangkok Post April 30, 2022 11:50 UTC