French energy company TotalEnergies is leaving Myanmar without any financial compensation, handing over operation of the Yadana gas field to the Thai energy company PTTEP. The company is also under pressure to exit Russia following its invasion of Ukraine.
"TotalEnergies has chosen to withdraw from Myanmar without seeking any financial compensation for its assets," the company said in a statement Wednesday, two months after it announced it was leaving Myanmar, under pressure from human rights groups to cut ties with the military junta that has been running the country since a coup last February.
