Women carry pots with flowers as they take part in a protest against the military coup in Yangon on April 13, 2021. (Reuters photo)
TOKYO/SINGAPORE: Malaysia’s Petronas and Japan’s Mitsubishi Corp are divesting their stakes in Myanmar’s Yetagun gas field, the companies said, in the latest exits by major energy companies from the country since last year’s military coup.
A spokesperson from Mitsubishi told Reuters on Friday it would be difficult to continue the business from technical and economic points of view.
The company, which indirectly holds a 1.93% stake in the Yetagun gas field off the southern coast of Myanmar, has decided to quit the project and is in talks with other partners in its joint venture JX Myanmar, he added.
Petronas told Reuters earlier this month its subsidiary, PC Myanmar (Hong…
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