TotalEnergies Exits from Myanmar

TotalEnergies Exits from Myanmar

TotalEnergies announced that it will halt all its ongoing projects in Myanmar due to developments in the country that took place following the February 2021 coup.

The company has declared that it condemns the human rights violations and abuses in the country and decided to stop its operations to keep its employees safe from the risk of criminal prosecution.

However, TotalEnergies said that it will continue the production of natural gas from the Yadana field, which is important for providing the much-needed electricity to local Burmese and Thai populations.

TotalEnergies says that it will also withdraw without any financial compensation. The company pointed to the fact that most payments for the sale of the gas are made directly by the Thai company PTT, the buyer of the exported gas.

“During this notice period, TotalEnergies will continue to act as a responsible operator in order to ensure the continuity of gas deliveries for the benefit of the population,” according to the statement.

 

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