Japan's Eneos to pull plug on Myanmar gas business

Decision follows growing criticism that project has funded country's military

20220325 Myanmar Oil field

Japan's top oil refiner Eneos Holdings decided to exit Myanmar's natural gas business, following Mitsubishi Corp., which announced in February that it would withdraw from the project. (Source photo by Reuters) 

Nikkei staff writers

TOKYO/BANGKOK -- Japan's top oil refiner Eneos Holdings will withdraw from natural gas production in Myanmar, Nikkei has learned, amid growing criticism that the project has funded the military's suppression of human rights in the Southeast Asian nation.

Development of the Yetagun offshore gas field was funded by Japan's government and companies, but it became difficult to continue after Mitsubishi Corp. announced in February that it would withdraw from the project.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.