Protest in Myanmar
US sanctions target Myanmar’s NOC
But the measures also further complicate gas-dependent Thailand’s supply outlook
The US has imposed financial sanctions on Myanmar’s state oil company in a further blow to the pariah nation’s troubled oil and gas sector. And the pressure on Myanmar could also cause additional problems for neighbouring Thailand and its NOC, PTTEP. The latest sanctions will prohibit “financial services to or for the benefit of [state-owned] Myanma Oil and Gas Enterprise [MOGE]” from 15 December. The US Treasury Department’s Office of Foreign Assets Control (OFAC) also announced other measures targeted against the regime, and closer sanctions co-ordination with the UK and Canada. “As Burma’s [sic] most lucrative state-owned enterprise, MOGE provides hundreds of millions of dollars in foreig
Also in this section
29 January 2026
Caught between LNG risks from across the Atlantic and the wounds from Russian gas dependence, Europe needs more than a simple diversification strategy
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
