Singapore —
A force majeure declaration by Malaysia's Petronas at its Yetagun field in Myanmar and a complete gas production halt at the upstream project are likely to support Thailand's spot LNG imports as it looks to offset one of its main sources of pipeline gas supply from its Southeast Asian neighbor.
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Thailand's national oil company PTT has been exposed to declining offshore gas production in Myanmar for several years, most importantly from the Yetagun gas field that has been posting a steady decline in output since around 2013, which its operators found difficult to arrest or reverse.