Japanese energy conglomerate Eneos Holdings Inc yesterday said that it withdrawing from a gas project in coup-hit Myanmar, days after its Thai and Malaysian partners announced they would pull out.
Eneos is the latest energy giant to retreat from the Southeast Asian country, whose military has waged a widespread crackdown on dissent since it ousted and detained civilian leader Aung San Suu Kyi last year.
The company is involved in the Yetagun project off southern Myanmar along with the Japanese government and Mitsubishi Corp.
Together they hold a 19.3 percent stake in the gas fields, which has been operational for two decades.
Eneos “decided