The Strategist

TotalEnergies leaves Myanmar projects



07/21/2022 - 04:08



France's TotalEnergies said in a press statement that it had entirely stopped working on its projects in Myanmar.



Adam Lederer
Adam Lederer
In January, TotalEnergies made the decision to end all of its relationships with the Yadana gas field operator and the MGTC gas transportation company in Myanmar. The company cited abuses and human rights breaches during the country's early 2021 political transition.

"The decision to withdraw from the assets becomes effective on July 20, 2022, in compliance with the 6-month notification period outlined in the treaty. The procedure was completed according to the European sanctions put in place in February 2022," the declaration reads.

PTT, Thailand's national oil and gas corporation, has been named the Yadana field's new operator, according to TotalEnergies. Gas from the field is sent to Thailand Through the MGTC pipeline.

source: nasdaq.com

 




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