Monday, January 24, 2022, 3:52 p.m.
PTTEP clarified the change of participantsin the Yadana Project in Myanmar
PTTEP Clarification No. 2 Changes of Participantsin the Yadana project Myanmar
PTT Exploration and Production Public Company Limited or PTTEP clarified that from the case that the Company Total Energy EP Myanmar has withdrawn from being a participant.and operator (Operator) in the Yadana project and in the Moattama Gas Transportation Company (MGTC), which operates a gas pipeline business.gas from the project In Myanmar, on January 21, 2022, PTT Exploration and Production Public Company Limited or PTTEP received the aforementioned letter.official from the company Total Energy EP Myanmar, which is the only joint venturehas notified the request to withdraw the sampleofficial now by specifying that during the total still the operatorThe project for the next 6 months will support the transition.to the operatorThe new project Yadana project has a rate of gas production.Natural gas production in 2021 is approximately 770 million cubic feet per day, with approximately 570 million cubic feet per day of gas to Thailand. for use in generating electricitywith the western region of Thailand This amount represents 10-15% of natural gas demand.in Thailand, while about 200 million cubic feet per day used for generating electricityin Myanmar and accounted for about 50% of natural gas demand.in Myanmar
PTTEP by its subsidiary, PTTEP International Company Limited, has conducted exploration and productiontrolia in Myanmar for more than 30 years to develop natural gas fieldsas the main fuel for productionelectricity and publicBasic consumption that is important to theof the people both in terms of daily living in public health, education, telecommunications, etc., throughout the entire business period.in Myanmar and countries around the world. The company adheres to the principle of supervisionand good businesshas always guided the operation
