TotalEnergies has confirmed it has withdrawn from the producing Yadana gas field offshore Myanmar and from gas transportation company MGTC, both as shareholder and operator.
The company announced in January that it would exit Myanmar in response to the continuing deterioration of the human rights situation in the country, following a contractual six-month notice period.
Its withdrawal, the company added, was in compliance with the European sanctions implemented against Myanmar this February.
Since its initial announcement, TotalEnergies said it has continued to act as a responsible operator and has been working with PTTEP, its designated replacement, to ensure continued, safe production at the Yadana gas field while ensuring an orderly transfer of operations.
