Japanese energy company Eneos Holdings Inc. aims to withdraw from Myanmar’s Yetagun gas project in response to “social issues,” a spokesperson said Friday, amid criticism that the project is funding the southeast Asian nation’s military junta.
The move comes after Malaysia’s state-run Petronas and Japan’s Mitsubishi Corp. said last month they were divesting from the project, in the latest exits by major energy companies since last year’s military coup.
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