Peer Strategy

PTTEP Steps Into Void as Others Exit Myanmar

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  • The exit of TotalEnergies and Chevron from Myanmar comes as the Southeast Asian country held declining strategic significance for these Western majors.
  • The opposite is true for Thailand's PTT Exploration and Production (PTTEP), with the firm actively looking to increase its role as others leave.
  • PTTEP's success in expanding its footprint will come down to Myanmar's military junta and how much concentration it is comfortable giving a single outside operator.

The Issue

Resource Access, Military Conflict, LNG-to-Power, Upstream Projects, Offshore Oil and Gas, Corporate Strategy , Majors, NOCs
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