French energy giant Total stops payments on Myanmar pipeline

INDEPENDENT
Via AP news wire

The French energy company Total SA says its shareholders have voted to suspend distributions of cash to stakeholders in the joint venture company running a gas pipeline in Myanmar

Myanmar Total Pipeline

(Copyright 2018 The Associated Press. All rights reserved.)

Shareholders of the French energy company Total SA have voted to suspend payments of dividends to stakeholders in the joint venture company running a gas pipeline in Myanmar the company said Wednesday.

Pressure has been growing on companies with investments or operations linked to the Myanmar military to suspend any financial support following a Feb. 1 coup. The Yadana pipeline is partly owned by Myanmar Oil & Gas Enterprises, a government-controlled entity.

China alarmed after strategic oil pipeline station in Myanmar is attacked

Atul Aneja

Sat, May 08 2021

New Delhi, May 8: Alarm bells are ringing loud and clear in China after Myanmar protesters have attacked a monitoring station of a strategic pipeline that ferries oil to Chinas Yunnan province.

The Irrawaddy newspaper's website is reporting that security personnel guarding the pipeline's off-take station in Mandalay were killed. The sword and machete attack on the policemen was "undoubtedly part of Myanmar's growing popular armed resistance against the regime," the daily reported.

The Myanmar military has mounted a coup a February mounted a coup that toppled elected leader Aung San Suu Kyi, triggering a cascade of high-voltage protests.

Though the pipeline has not been damaged, the bold strike, nevertheless, has jolted Beijing. And there are reasons why China should be deeply concerned.