Protesters against the military junta in Myanmar
TotalEnergies quits Myanmar
The French major is transferring its stake in the Yadana gas field to its partners
TotalEnergies has announced its withdrawal from Myanmar, nearly a year after a military coup in the Southeast Asian nation. The French major has also signalled its support for any sanctions that would prevent gas revenues from reaching the ruling junta. TotalEnergies operates the Yadana gas field with a 31.24pc stake, alongside partners Chevron (28.26pc), Thai NOC PTT (25.5pc) and state-run Myanma Oil and Gas Enterprise (MOGE, 15pc). The French major, which has done business in the country since the 1990s, plans to transfer its stake to its partners within a six-month notice period, without financial compensation. Chevron has also said it will eventually withdraw from Yadana as part of a “pl
Also in this section
3 December 2024
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
