TotalEnergies says limited by legal framework on Myanmar action
Energy giant TotalEnergies(TOTF.PA) said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.
Total, Chevron Suspend Some Payments to Myanmar Junta-Linked Energy Firm
In response to repeated calls for them to cut ties with the military regime in Myanmar, energy giants Total of France and Chevron of the US on Wednesday announced they have suspended some payments to their joint venture with a state-owned company controlled by the coup leaders.
PetroChina ships jet fuel to junta-ruled Myanmar, data shows
PetroChina International Singapore Pte Ltd sold a cargo of jet fuel into Myanmar in April, according to government import data reviewed by Reuters, the first such shipment since before the military seized power in a coup in February.
Ayala slows down on Myanmar RE venture
Given the worsening civil strife tearing down Myanmar, Ayala-led firm AC Energy Corporation indicated that it is temporarily slowing down on its renewable energy ventures in that country. “Regarding Myanmar, we will have to wait until the situation stabilizes before we can expand,” AC Energy President and CEO Eric T. Francia said.
Amid Fuel Shortage Concerns, Myanmar Regime Plans to Reopen Old Yangon Oil Refinery
The Myanmar junta is pressing ahead with a plan to reopen a disused oil refinery in Yangon’s Thanlyin Township, which a state-owned Indian company has expressed an interest in taking over.
Myanmar’s junta approves $2.8 billion investment, including gas power plant
Myanmar‘s military rulers have approved new investment in projects worth nearly $2.8 billion, including a liquefied natural gas (LNG) power plant that will cost $2.5 billion, the country’s investment body said. Approvals for 15 projects were given on Friday by the Myanmar Investment Commission, according to a statement on the website of the Directorate of […]
Myanmar military cashes in on Thai pipeline
Myanmar’s military has received hundreds of millions of dollars from natural gas sales through a financial scheme linked to the Myanmar-Thailand pipeline, a French newspaper has reported.
Myanmar coup threatens Chinese power projects
TAIPEI/YANGON — Chinese energy companies contracted to build power plants in Myanmar have had their projects put on hold, and some are considering exiting the market, in a sign of how the military coup in the Southeast Asian country may be deterring even thick-skinned Chinese investors.
