U.S. energy company Chevron has announced its withdrawal from the Yadana natural gas field in Myanmar, citing the political situation and ongoing humanitarian crisis in the country.
The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa/File PhotoWASHINGTON : U.S. energy company Chevron has quit the Yadana natural gas field in Myanmar , a spokesperson said on Monday, more than two years after it condemned violence and human rights abuses there and announced it would leave.
"The withdrawal gives effect to our intention to exit Myanmar in a controlled and orderly manner, following the February 2021 coup, and ongoing humanitarian crisis," a Chevron spokesperson said. Rights groups and United Nations experts have accused Myanmar's military of committing atrocities against civilians in its efforts to crush the resistance.In 2021, French oil and gas group TotalEnergies and Chevron suspended some payments from Yadana that would have reached Myanmar's junta, earning praise from pro-democracy activists. TotalEnergies withdrew in 2022.
Chevron Myanmar Yadana Gas Field Withdrawal Political Situation Humanitarian Crisis
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