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Thailand and Cambodia eye oil and gas detente
Asian neighbours seek resolution on territorial dispute for hydrocarbons development that has spanned decades
New regulations pose risks for Thai refiners
Attempts to control domestic fuel prices could threaten supply
Asia increasingly looks to flexible LNG supply
Demand growth and the expiration of existing contracts mean Asian nations will become less reliant on long-term contracted supply
Canada’s Valeura eyes fresh deals after Thai expansion
The company is also working to sustain output from its Thai-focused portfolio into the 2030s
US sanctions target Myanmar’s NOC
But the measures also further complicate gas-dependent Thailand’s supply outlook
Thai oil production poised for modest rebound
Efforts by independents and NOC PTTEP will help boost production this year, but the sector is increasingly mature
Optimism despite setbacks in NL offshore
The province’s government remains positive about the future of its offshore industry despite recent difficulties
Global offshore market is on the upswing
Contractors set for multi-year recovery amid continually improving economics and efficiencies
Asia’s NOCs chart paths to decarbonisation
But none of the companies are poised to abandon oil and gas anytime soon
Rising costs threaten Mozambique LNG
As security improves, TotalEnergies has other concerns
A platform in the Gulf of Thailand
Opinion
Myanmar Thailand PTTEP TotalEnergies Chevron Offshore
Readul Islam
3 March 2022
Follow @PetroleumEcon
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Letter from Southeast Asia: Pttep unlikely to quit Myanmar

The fallout from Myanmar’s coup may not be enough to discourage the Thai state-owned firm

When TotalEnergies and Chevron announced their exits from Myanmar’s Yadana concession in January, they left Thai state-owned Pttep as the project’s only remaining international partner, and essentially having to stay in order to safeguard Thailand’s energy security. The seeds of the current situation were sown in December 2018, when Thai authorities awarded the country’s Erawan concession—which produces the bulk of Thailand’s domestic gas output—to a group comprising Pttep and UAE state-owned investment vehicle Mubadala Petroleum once the existing contract expired in 2022. Erawan’s current operator, Chevron, has slashed development drilling despite Thailand’s offshore geology requiring conti

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