Chevron announced its intention to exit Myanmar earlier this year
Pttep and Chevron increase Myanmar field stakes
The gap left by TotalEnergies’ withdrawal from the Yadana gas project is being filled by its former partners
Chevron and Thai state-owned Pttep are both to increase their stakes in Myanmar’s Yadana gas field, although the US firm still intends to exit the country following last year’s military coup. TotalEnergies is withdrawing from the project—having previously operated the field and its associated gas pipeline system with a 31.24pc stake—and its former partners will increase their shares accordingly. Chevron will increase its stake to 41.1pc from 28.26pc, while Pttep will expand to 37.1pc from 25.5pc. The Thai firm also “confirmed its willingness to take over as operator”, according to TotalEnergies. State-owned Myanma Oil and Gas will up its ownership to 21.8pc from 15pc. “In light of the except
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
