SINGAPORE/BANGKOK - Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp exit in the wake of last year's military coup in the Southeast Asian state, analysts say.
The French and US firms were part of a group operating the Yadana gas project off Myanmar's southwest coast and the Moattama Gas Transportation Company that runs a pipeline carrying gas from the field to Myanmar's border with Thailand. PTTEP already operates Myanmar's smaller Zawtika field, in which it has an 80 per cent stake and Myanmar's state energy firm Myanma Oil and Gas Enterprise holds 20 per cent.
Rystad Energy analyst Readul Islam also said PTTEP was the most likely candidate to take over Yadana and said, if it went ahead, PTTEP would operate more than half Myanmar's gas supply.
straits_times Then ASEAN will pretend to care about the Burmese people.
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