Thai firm follow Malaysia's Petronas in pulling out of Myanmar gasfield project

Gas reserves in the Yetagun field in the Gulf of Moattama off Myanmar have declined significantly. - Image courtesy of PTTEP

BANGKOK, April 30, 2022 (AFP): Thailand's oil and gas conglomerate PTTEP and Malaysia's Petronas have announced on Friday (April 29) that they would withdraw from the Yetagun gas project in coup-hit Myanmar.

There has been an exodus of global energy companies from Myanmar including Chevron and TotalEnergies following last year's military takeover and subsequent allegations of human rights abuses.