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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
