A platform in the Gulf of Thailand
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
Also in this section
11 February 2026
Panellists from three LNG buyers at LNG2026 in Doha outlined their evolving procurement strategies as they navigate heightened market volatility
11 February 2026
North African producer plans to boost output by early 2030, with Europe its number one priority as export destination
11 February 2026
Maritime leaders at LNG2026 warned of the dangers of over-regulation on competitiveness, sustainability and innovation
10 February 2026
The country has opened bidding on 50 blocks in a new licensing round but will face competition for attention and will need to address concerns about security and legislation
