(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. PTTEP is “putting the utmost importance for energy security of both Thailand and Myanmar”, it said in a statement. Myanmar amounted to 0.6% of TotalEnergies’ total oil and gas production in that period. PTTEP and the Myanmar state-owned oil and gas group MOGE hold the remainder. TotalEnergies said it has been the operator of the Yadana gas field’s blocks M5 and M6 in Myanmar since 1992.

Source: Bangkok Post January 22, 2022 03:44 UTC