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Bangkok Post

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TotalEnergies cedes Myanmar gasfield to PTTEP, seeks no compensation

TotalEnergies Myanmar PTT PTTEP United States Paris

The logo of French oil and gas company TotalEnergies is pictured at an electric car charging and petrol station in the financial and business district of La Defense in Courbevoie near Paris, France, June 22, 2021. (Reuters file photo)

PARIS: TotalEnergies on Wednesday confirmed PTTEP International, a subsidiary of the Thai national energy company PTT, would take over equity stakes in local units and resume some of its operations in Myanmar.

The French oil and gas giant in January announced its decision to withdraw from the Asian country.

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