
Total has halted new projects and drilling in Myanmar in response to the crisis, and CEO Patrick Pouyanne said the group was “appalled by the repressive action taking place.” (Source: Total SA)
French oil and gas group Total SA said it would not stop producing gas on its Yadana fields in Myanmar as long as operations remained safe, in part to protect employees there who might otherwise risk repercussions from the military junta.
Total has come under pressure from rights groups and Myanmar’s parallel civilian government to review its operations amid allegations its payments on taxes were funding the military-controlled state.
In a newspaper column due to be published in France’s Journal du Dimanche on April 4, and released online, Total CEO Pouyanne said the group had several reasons to keep its offshore Yadana site going.
It was concerned staff there could be exposed to forced labor under the junta if it did decide to stop production in protest at violence in Myanmar, Pouyanne said, and the group also did not want to cut off a major source of energy.
“Can we halt production of this gas that supplies electricity to a large population in Yangon, adding to their suffering?” Pouyanne said in the statement. “For their part, the Thai authorities have alerted us to the importance of this source of energy.”
Located off Myanmar’s southwest coast in the Gulf of Martaban, the Yadana fields produce gas for delivery to power plants in Thailand. They also supply Myanmar's domestic market, via an offshore pipeline built and operated by state energy firm Myanmar Oil and Gas Enterprise (MOGE).
Pouyanne said Total had considered whether it should place payments on taxes owed to the state in Myanmar in an escrow account, as suggested by some campaigners, but said this could put local managers at odds with the law.
Total had so far not paid any of the $4 million in monthly taxes it usually pays to the military government, Pouyanne added, “for the simple reason that the banking system no longer functions.”
Total has halted new projects and drilling in Myanmar in response to the crisis, and Pouyanne said the group was “appalled by the repressive action taking place.”
Myanmar security forces opened fire on pro-democracy protests on Saturday killing at least five people, a protester and media said, as the military stepped up its bid to stifle dissent with warrants for a further 20 high-profile critics.
Pouyanne added that Total would donate the equivalent of the taxes the group will have to pay to the Myanmar government to associations working towards human rights in the country.
Recommended Reading
RWE Slashes Investment Upon Uncertainties in US Market
2025-03-20 - RWE introduced stricter investment criteria in the U.S. and cut planned investments by about 25% through 2030, citing regulatory uncertainties and supply chain constraints as some of the reason for the pullback.
BlackRock CEO: US Headed for More Inflation in Short Term
2025-03-11 - AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.
Michael Hillebrand Appointed Chairman of IPAA
2025-01-28 - Oil and gas executive Michael Hillebrand has been appointed chairman of the Independent Petroleum Association of America’s board of directors for a two-year term.
Confirmed: Liberty Energy’s Chris Wright is 17th US Energy Secretary
2025-02-03 - Liberty Energy Founder Chris Wright, who was confirmed with bipartisan support on Feb. 3, aims to accelerate all forms of energy sources out of regulatory gridlock.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.