Petronas, the existing operator of the Yetagun gas project has handed the project over to Gulf Petroleum Myanmar (GPM), according to campaign group Justice for Myanmar.
Eight civil society organisations have sent a letter to 101 corporate investors holding shares in Tokyo Tatemono Co., Ltd. or Daiwa House Industry Co., Ltd voicing concern over land lease payments made by the two companies being a source of funding for the Myanmar military, through the Y Complex project, says Justice For Myanmar in a press release.
NGOs have cautiously welcomed the withdrawal of Japanese oil and gas giant ENEOS from Myanmar but are calling for the responsible disengagement and decommissioning of the Yetagun gas project, according to a press release from Justice for Myanmar.
NGOs have cautiously welcomed the withdrawal of Japanese oil and gas giant ENEOS from Myanmar but are calling for the responsible disengagement and decommissioning of the Yetagun gas project, according to a press release from Justice for Myanmar.