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Asian Viewpoints

Thailand operates gas field in Myanmar

PTT Exploration and Production Public Company Limited (PTTEP), under state-owned company PTT Public Co, started operating a gas field in Myanmar. TotalEnergies, which had been operating the Yadana natural gas project in Myanmar, announced in January that it would withdraw from the business. This was due to political unrest in the country and the fact that the new government was criticized internationally for human rights issues. On the other hand, PTTEP said that the continuation of the operation of the natural gas project will support the livelihood of the people in Myanmar. In addition, natural gas is supplied from Myanmar to Thailand, and maintaining production of natural gas in Myanmar is in line with Thailand's national interests. The Yadana project's natural gas production is 77 million standard cubic feet per day (MMSCFD). About 22 MMSCFD of production is for the domestic market in Myanmar. This covers 50% of the country's gas demand, according to sources. The remaining 55 MMSCFD will be supplied to Thailand and will be used as fuel for 12 power plants for electricity generation in Thailand. PTTEP is expected to have a 37.1% stake in the gas field. Further, Myanmar Oil and Gas Enterprise has 21.8% and Unocal Myanmar, subsidiary of Chevron has 41.1%, according to sources.

Singapore : Satoshi Hagimoto   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.