U.S. energy company Chevron has confirmed its withdrawal fromoperating in the Yadana natural gas field in Myanmar.

A Chevron spokesperson announced the company's departure fromoperations in Myanmar, confirming the sale of its shares to Junta-owned MyanmaOil and Gas Enterprise (MOGE) and Thailand-based PTT Exploration and Production(PTTEP).

Chevron pulls out of Myanmar, two years after condemningviolence and human rights abuses of the Junta and announcing its intention toexit operations. Chevron has exited Myanmar, in accordance with the commitmentmade over two years ago, as confirmed by its spokesperson.

Justice For Myanmar commented, “The Yadana gas project hasbeen a lucrative source of revenue for the illegitimate junta and financed itscampaign of terror against the people. Chevron and its partners been complicitin the junta’s war crimes and crimes against humanity through participation inthe Yadana project.

Chevron's 41.1% stake in the gas field has been redistributedto the remaining shareholders PTTEP and MOGE. Thailand ‘s PTTEP, the operatorof the gas field, now holds 62.96% of the stake. 70& of the natural gas inexported to Thailand

PTTEP in a statement claimed that their role in operating theYadana natural gas field in Myanmar was vital to the energy security of bothThailand and Myanmar.

The Chevron spokesperson insisted that, “Chevron had plannedto withdraw from Myanmar because of the humanitarian crisis stemming from the2021 coup. Now that plan has been put into action.”