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Thursday, May 9, 2024

Japan’s ENEOS withdraws from Myanmar gas project

Myanmar migrant workers demonstrate against the military coup and to demand the restoration of democracy in their country during a protest to mark Labour Day in Bangkok on Sunday. (Reuters photo)

Japanese energy conglomerate ENEOS Holdings said Monday it will withdraw 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.

JX Nippon Oil & Gas Exploration, part of the ENEOS group, is involved in the Yetagun project off southern Myanmar, with the Japanese government…

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