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Bangkok Post
Bangkok Post
Business

PTTEP quitting Yetagun gas field in Myanmar

PTTEP Myanmar Petronas Oil PTT Exploration and Production Plc Thailand Natural Gas Chevron Malaysia TotalEnergies
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 announcement on Friday was the latest in a series of moves by foreign energy firms to exit 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.

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