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Myanmar Crisis

Gas majors halt Myanmar projects while Total stays put

Companies seek to choke off junta's funds, but power shortages could hurt locals

The seas off the coasts of Southeast Asian nations have numerous oil and gas rigs, including this one in Singapore.   © Reuters
Nikkei staff writers | Myanmar

BANGKOK -- Energy multinationals have decided to halt natural gas development projects in Myanmar amid concerns that the junta is deriving foreign currency from the ventures. But France's Total is poised to remain, arguing that the public stands to lose from electricity shortages.

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